The prospective bidders include the local/Australian Nasa Multiplex, Six Construct Abu Dhabi, local/Belgian, Athens-based Consolidated Contractors International Company (CCC), John Laing of the UK, Arab Technical Construction Company (Arabtec), Arabian Construction Company (ACC) and Dubai Contracting Company, all local.

The local Middle East Foundations is carrying out the piling and shoring package. The mixed-use project calls for the construction of two towers - a 40-storey building for a 300-room hotel and a 51-storey residential building for two, three and four-bedroom apartments.

The contract also includes the construction of a four-storey podium and a three-level underground car park. The facilities, to be located on Jumeirah Beach, will take about two years to build.

The project is estimated to cost AED 270 million-300 million ($73 million-82 million). The consultant is Canada's Norr Group Consultants International. The client is the local Al-Fattan Properties.