The Jordan Securities Commission (JSC) is evaluating technical bids, received in early March, for the construction management contract on the estimated $40 million Jordan National Financial Centre project.

At least six bids have been received from international companies including Bahrain-based Projacs International and Athens-based Consolidated Contractors International Company (CCC). Commercial proposals are due in early April.

The scope of works will involve relocating the Amman Stock Exchange from its present site in the capital’s Arjan district to a new plot of land, near the Jordan Securities Commission building in the Shmeisani district, to create a single financial hub.

The 42-month contract involves the preparation of tender documents for the selection of a design consultant, a construction supervision consultant and contractors, and a project management role assisting the client in all administrative, technical and financial aspects of the project.

Kuwait’s Grand Real Estate Projects is also pressing ahead with plans to develop the $250 million Grand Amman Financial Complex to be located in the Abdoun district (MEED 27:1:06).