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The local Al-Meraikhi General Contractinghas received a letter of intent for the estimated AED 200 million ($54 million) contract for the phase 1 expansion of the Abu Dhabi University campus at Khalifa City. Work is scheduled to be completed by the end of 2006 (MEED 26:8:05). The three-phase project calls for the construction of two new colleges, auditoriums, laboratories and leisure facilities covering about 370,000 square metres. The first phase will cater for 5,000 students.