Local developer SSPD has received bids for the contract to build a mixed-use development at the Abu Dhabi Trade Centre on Abu Dhabi Island overlooking the nearby Reem Island.
Known as the phase 3 expansion, the project involves building a 25-storey residential tower and a 22-level serviced apartment building with a total built up area of about 123,000 square metres.
Local hotel operator Rotana will manage the property. Rotana already manages the beach hotel at Abu Dhabi Trade Centre, which also comprises Abu Dhabi Mall.
The consultant is the local Arenco. The local SSPD is the client.
In 2006, SSPD awarded ACC the estimated AED2bn ($545m) contract to build Etihad towers, a mixed-use development on a site opposite the Emirates Palace hotel.