IJM Corp Bhd said its joint venture unit has won an RM840 million contract to build a hotel in Abu Dhabi, United Arab Emirates (UAE).

Tamouh Investments gave the letter of intent for the job to a venture between IJM and LFE Corp Bhd. IJM holds 70 per cent of the venture while LFE holds the rest, IJM said in a statement to Bursa Malaysia yesterday.

The job is for the first phase of Plot 1 Zone E2 Hotel Development on Al Reem Island, Abu Dhabi.

The venture must start foundation and basement works on today, pending agreement on the terms of the contract.