The local Al-Hilal Bank has invited contractors to bid by 2 January for the contract to build its new headquarters building on Abu Dhabi’s Sowwah Island, which is being developed as a new financial centre for the emirate.

The 24-storey, 120-metre-tall building will be constructed next to the Cleveland Clinic and Sowwah Square projects that are being developed by the island’s master developer Mubadala Development Company.

The consultant for the Al-Hilal Bank building is US-based Goettsch Partners.

Al-Hilal Bank bought a 4,850 square metre commercial plot from Mubadala Development in 2009. Other financial institutions that will have a presence on Sowwah Island include National Bank of Abu Dhabi (NBAD) and the Abu Dhabi Securities Exchange.

Contractors are waiting for an award on another project on the island. Firms gave final offers to Mubadala in early October for the contract to build the Four Seasons hotel (MEED 9:10:11).