NBCC Partners with Pantheon Elysee to Develop UAE Real Estate Projects
State-owned NBCC (India) Ltd has signed an agreement with Pantheon Elysee Real Estate Development LLC to develop residential, hospitality, and mixed-use projects in the UAE worth Dh 3 billion.
NbccUaeReal EstatePantheon ElyseeConstructionReal Estate MumbaiNov 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 the 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 completed the India Pavilion in Dubai for the Dubai Expo 2020 at a cost of USD 46.8 million. This project further cements NBCC's reputation for delivering high-quality, large-scale projects in international markets.
The partnership with Pantheon Elysee is expected to enhance NBCC's footprint in the Middle East and open up new opportunities for growth and innovation in the real estate sector. Both companies are committed to delivering sustainable and high-quality projects that meet the needs of the growing population in the UAE.
With this collaboration, NBCC aims to bring its extensive experience in project management and engineering to the UAE, contributing to the development of world-class infrastructure and real estate projects. The partnership is a significant step forward in NBCC's international expansion strategy and its commitment to global excellence in construction and real estate.
Frequently Asked Questions
What is the total value of the projects NBCC and Pantheon Elysee plan to develop in the UAE?
The total value of the projects is Dh 3 billion.
Who signed the MoU on behalf of NBCC and Pantheon Elysee?
The MoU was signed by Pradeep Sharma, ED (Engg) of NBCC and Ali Abusafieh, Legal Director of Pantheon Elysee Real Estate Development LLC.
What types of projects will NBCC and Pantheon Elysee collaborate on?
They will collaborate on the execution of high-quality residential, hospitality, and mixed-use real estate projects.
What is the significance of NBCC's completed India Pavilion in Dubai for the Dubai Expo 2020?
The India Pavilion, completed at a cost of USD 46.8 million, further cements NBCC's reputation for delivering high-quality, large-scale projects in international markets.
How does this partnership strengthen NBCC's presence in the Middle East?
This partnership solidifies NBCC's commitment to strengthening its presence in the Middle East construction landscape by leveraging its six decades of engineering excellence and project management expertise alongside Pantheon's robust local development portfolio.
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