Six companies submitted prices for the construction contract
The local Alec has emerged as the low bidder for the contract to build the Union Museum at Dubais Union House with a price of AED500m ($136m).
Alecs price is about 2.7 per cent lower than the price of AED514m submitted by the local Al-Shafar General Contracting.
The other bidders were the local Al-Faraa General Contracting Company, with a price of AED515m, the local Arabtec Construction at AED523m, the local/UK Dutco Balfour Beatty at AED569m, and the local Al-Naboodah Contracting at AED609m.
Dubais Roads & Transport Authority (RTA) is the project client. It approved the final design and main components of the Union Museum last year. The design of the museum, awarded to the UKs Halcrow, which is now part of US-based CH2M Hill, was inspired by portraits of the UAEs rulers signing the constitution of the UAE on 2 December 1971.
The scheme is one of several cultural projects being developed by the RTA. Last year, it signed an AED184m ($50m) deal with Dubai Culture and Arts Authority to transform six of the emirates metro stations into art museums.
You might also like...
Rainmaking in the world economy
19 April 2024
Oman receives Madha industrial city tender prices
19 April 2024
Neom seeks to raise funds in $1.3bn sukuk sale
19 April 2024
Saudi firm advances Neutral Zone real estate plans
19 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.