Dhabi's offer is about 1.3 per cent cheaper than the next price of AED 247.9 million ($67.5 million) offered by the South Korean/ local team of Samsung Corporation with Al-Hamed Development & Construction.

The main building package will cover the construction of a 33-storey inclined office tower and a three-storey car park. The development will have a total built-up area of 67,182 square metres - 44,590 square metres for the proposed tower and the remainder for the car park.

The 30-month lump sum contract will include shoring, excavation, structural works, finishes, mechanical, electrical and plumbing works and landscaping. The local office of Germany's Bauer International has carried out the piling package (MEED 21:12:01). The building will be located in the Al-Khifaf area, beside the Dubai Trade Centre roundabout.

The project was first proposed in the mid-1990s. Originally, it was earmarked for construction on a plot of land close to Etisalat's headquarters in Deira.

The consultant is the UK's Shankland Cox; the project manager is the US' Turner International. The UK's WS Atkins International is the subconsultant for the structural works.