Abu Dhabi-based ALDAR Propertieshas launched the tendering process for a major redevelopment of Mina Zayed port. The mixed-use residential project will potentially be larger than its AED 54,000 million ($14,700 million) Al-Raha beach development (MEED 23:9:05).

Prequalified firms have been invited to bid for the infrastructure consultancy package by 26 October. Six international project managers have been shortlisted for the project management consultancy (PMC) contract, which is also out to tender. The contract is expected to be fast-tracked.

The development, set to be implemented in phases over a decade, will be built on the existing Mina Zayed port area, a prime real estate location on the capital’s main island. The plans include hotels, residential districts and commercial and retail areas. The conceptual masterplan has already been completed.

A final decision on the relocation of the port has yet to be taken, although sites at Mussafah and Taweelah have been considered.

ALDAR is planning to carry out projects worth AED 100,000 million ($27,000 million) over the next five years. Its largest to date is the Al-Raha beach development, a new city district with a built-up area of 12 million square metres. Bids for the first major construction package, dredging and reclamation, are due on 8 October (MEED 2:9:05).