NBCC Partners with Pantheon Elysee for Major Real Estate Projects in UAE
NBCC (India) Ltd, a state-owned enterprise, has signed a Memorandum of Understanding (MoU) with Pantheon Elysee Real Estate Development LLC to develop high-quality real estate projects in the UAE, marking a significant step in NBCC's expansion into the Middle East construction market.
NbccReal EstateUaeMiddle East ConstructionProject ManagementReal EstateNov 08, 2025
In a statement on Saturday, the company announced that it has signed a broad framework Memorandum of Understanding (MoU) with Pantheon Elysee Real Estate Development LLC, a prominent real estate player based in Dubai, UAE. This partnership solidifies NBCC's commitment to strengthening its presence in the Middle East construction landscape.
The MoU was signed by Pradeep Sharma, ED (Engg) and Ali Abusafieh, Legal Director, Pantheon Elysee Real Estate Development LLC, in the presence of NBCC CMD K P Mahadevaswamy. Under the terms of the MoU, NBCC and Pantheon will collaborate on the execution of high-quality residential, hospitality, and mixed-use real estate projects across the United Arab Emirates.
They intend to develop projects worth Dh 3 billion, the statement said. The collaboration will leverage NBCC's six decades of engineering excellence and project management expertise alongside Pantheon's robust local development portfolio. NBCC has a strong track record, including the completion of the India Pavilion in Dubai for the Dubai Expo 2020 at a cost of USD 46.8 million.
This partnership is expected to bring significant benefits to both companies and the local real estate market. By combining their strengths, NBCC and Pantheon Elysee aim to set new standards in the development of sustainable and innovative real estate projects in the UAE.
Frequently Asked Questions
What is NBCC (India) Ltd?
NBCC (India) Ltd is a state-owned company specializing in project management consultancy and real estate. It has a strong presence in India and is expanding its operations internationally.
Who is Pantheon Elysee Real Estate Development LLC?
Pantheon Elysee Real Estate Development LLC is a prominent real estate developer based in Dubai, UAE, known for its robust local development portfolio and expertise in the Middle East market.
What is the value of the projects NBCC and Pantheon Elysee plan to develop?
NBCC and Pantheon Elysee plan to develop projects worth Dh 3 billion in the United Arab Emirates, focusing on high-quality residential, hospitality, and mixed-use real estate projects.
What is the significance of this partnership for NBCC?
This partnership is significant for NBCC as it strengthens its presence in the Middle East construction market and leverages its six decades of engineering and project management expertise to develop innovative real estate projects in the UAE.
What notable project has NBCC completed in the UAE?
NBCC has completed the India Pavilion in Dubai for the Dubai Expo 2020, which was a major project costing USD 46.8 million and showcases the company's engineering and construction capabilities.
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