NBCC and Pantheon Elysee Join Forces for AED 3 Billion Real Estate Projects in UAE
State-owned NBCC (India) Ltd has partnered with Dubai-based Pantheon Elysee Real Estate Development to develop large-scale real estate projects in the UAE, marking a significant expansion in the Middle East market.
NbccPantheon ElyseeReal EstateUaeAed 3 BillionReal EstateNov 10, 2025
The partnership was formalized through a Memorandum of Understanding (MoU) signed by Pradeep Sharma, Executive Director (Engineering) at NBCC, and Ali Abusafieh, Legal Director at Pantheon Elysee, in the presence of K. P. Mahadevaswamy, Chairman and Managing Director of NBCC.
This strategic alliance aims to leverage NBCC’s six decades of project management and engineering expertise, combined with Pantheon’s deep understanding of the UAE’s real estate landscape. The collaboration is expected to strengthen NBCC’s presence in the Middle East construction market, building on its previous success, including the completion of the India Pavilion at Dubai Expo 2020.
Through this partnership, both firms intend to deliver world-class infrastructure and sustainable developments that align with the UAE’s growing demand for high-quality real estate projects. The projects will cover a range of sectors, including residential, hospitality, and mixed-use developments, all aimed at meeting the diverse needs of the UAE market.
The collaboration is a significant step for NBCC as it looks to expand its footprint in the Middle East, a region with a robust and growing real estate sector. The partnership with Pantheon Elysee is expected to open new opportunities for NBCC and contribute to the development of the UAE’s real estate landscape, fostering economic growth and innovation in the region.
NBCC’s extensive experience in project management and engineering, coupled with Pantheon Elysee’s local expertise, is expected to result in the delivery of high-quality, sustainable, and innovative real estate projects that meet the highest standards of excellence. This partnership is a testament to the growing collaboration between Indian and UAE companies in the real estate sector, highlighting the potential for mutual benefit and growth in the region.
As the UAE continues to attract investments and develop its infrastructure, the partnership between NBCC and Pantheon Elysee is poised to play a crucial role in shaping the future of the real estate market in the UAE. The AED 3 billion investment in residential, hospitality, and mixed-use developments is expected to contribute significantly to the economic development of the region and enhance the quality of life for residents and visitors alike.
Frequently Asked Questions
What is the total value of the projects NBCC and Pantheon Elysee are collaborating on?
The total value of the projects is estimated at AED 3 billion.
Who are the key signatories of the Memorandum of Understanding (MoU)?
The MoU was signed by Pradeep Sharma, Executive Director (Engineering) at NBCC, and Ali Abusafieh, Legal Director at Pantheon Elysee, in the presence of K. P. Mahadevaswamy, Chairman and Managing Director of NBCC.
What sectors will the projects cover?
The projects will cover premium residential, hospitality, and mixed-use developments.
What is the significance of this partnership for NBCC?
This partnership marks NBCC’s strategic expansion in the Middle East real estate sector and builds on its previous success, including the completion of the India Pavilion at Dubai Expo 2020.
How does this partnership align with the UAE’s real estate market needs?
The partnership aims to deliver world-class infrastructure and sustainable developments that align with the UAE’s growing demand for high-quality real estate projects.
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