Eight contractors submitted bids by 3 April to the local Capital Investment Internationalfor the main construction works package on the Capital Towers project to be built on Sheikh Zayed highway in Dubai. An award on the estimated AED 400 million ($109 million) mixed-use development is expected in mid-May (MEED 26:3:04).
The package calls for the construction of two towers on a large podium, which will accommodate retail outlets, a ballroom, meeting rooms and a health club. The first tower, of about 32 storeys, will house a five-star hotel, with 160 guestrooms, and furnished apartments. The 40-storey second tower will contain 250 unfurnished apartments. The contract will also entail the construction of a separate multi-storey car park. The fast-track project will take about 20 months to complete. Project completion is set for November 2005.
The consultant/architect is the UK's RMJM; the project manager is the US' Hill International(MEED 27:2:04).
You might also like...
Oman receives Madha industrial city tender prices
19 April 2024
Neom seeks to raise funds in $1.3bn sukuk sale
19 April 2024
Saudi firm advances Neutral Zone real estate plans
19 April 2024
Algeria signs oil deal with Swedish company
19 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.
