Sovereign wealth fund Abu Dhabi Investment Council (Adic) has selected the local/UK Al-Futtaim Carillion for the estimated AED840m ($229m) contract to build its new headquarters complex in the UAE capital.

The contractor will build the structure of the two 25-floor towers and do a basic fit-out.

The investment fund will use one of the towers as its headquarters. The other will house the head office of Al-Hilal Bank, owned by the UAE government.

The other bidders were the local/Lebanese Arabian Construction Company (ACC); South Korea’s Samsung Corporation; a joint venture of South Africa’s Murray & Roberts Contractors (Middle East) and the local Al-Habtoor Engineering Enterprises; and the local/UK Aldar Laing O’Rourke (MEED 21:8:09).The London office of Aedas is the architect.

The project is one of three major corporate headquarters in Abu Dhabi to be tendered this year. The other two are for International Petroleum Investment Company (Ipic) and Abu Dhabi Future Energy Company (Masdar).

In May, Ipic awarded an estimated AED900m contract to the local Commodore Contracting Company for its headquarters.

Masdar is evaluating proposals for its new headquarters at Masdar City after contractors submitted bids in September.