Abu Dhabi-based developer Al-Maabar is plans to issue tenders worth an estimated $550m on projects in Libya and Jordan by the end of the year.
In Libya, Al-Maabar is preparing to issue tenders in late-September for the estimated $350m construction package on the $750m Al-Waha project in Tripoli, which it is developing in partnership with local real estate company Lidco.
The Al-Maabar portion of the 135,000-square-metre development includes two 28-storey towers comprising a commercial tower and a hospitality tower with a 203-room hotel and 102 serviced apartments. Al-Maabar is also building a health club, shopping mall, supermarkets and a cinema.
Lidco’s portion of the development includes 11 residential towers and a three-storey shopping mall. Lidco declined to comment on when tenders will be issued for its estimated $400m residential district.
The UK’s Atkins and Ramboll combined to provide design consultancy on Al-Waha while US-based RW Armstrong will serve as project manager and supervision consultant. The project is scheduled for completion in December 2012.
The first phase, which is scheduled for completion by 2014, includes building a 33-storey mixed-use tower, a social meeting space for 2,000 people, 146 townhouses, 263 apartments and associated infrastructure for a 300,000-square-metre site.
Kuwait’s KEO International Consultants will be the programme manager on the first phase of the project with the local Arabtech Jardaneh acting as the infrastructure consultant (MEED 14:3:10).
Three US-based companies complete the group of consultants. Callison designed the masterplan, Jones Lang LaSalle is the business consultant and Aecom is the cost consultant.
The 3.2m square-metre Marsa Zayed is the largest project in the history of Jordan and will be completed in phases by 2040.
Al-Maabar also partnered with Morocco-based developer L’Agence pour l’Amenagement de la Vallee du Bouregreg to build a seaside masterplan worth an estimated $800m in Rabat, Morocco. The project was launched in February this yea,r but the companies declined to comment on when tenders would be issued for the first phase of the project.