Four local companies submitted bids by 3 April for the main package on the Fahaheel waterfront development project. Burhan Kuwait Trading & Contracting Company submitted a low bid of KD 10.9 million ($35 million), some 2.6 per cent less than the next price of KD 11.2 million ($36 million) offered by Combined Group Company (MEED 1:2:02).
The project calls for the development of 1.6 kilometres of beachfront at Fahaheel, south of Kuwait City. It is targeted to be completed by the third quarter of 2004.
The project will include the construction of a 17,000-square-metre retail area, a food court with six restaurants, a mixed-use vegetable and fruit market, and parking facilities for over 1,200 vehicles. It will also entail the construction of a marina for 160 vessels, an inner harbour, a dhow harbour, recreational facilities and related civil and mechanical works.
The client is the local Tamdeen Real Estate Company, which has signed a build-operate-transfer (BOT) agreement with Kuwait Municipality and the Finance Ministry, and committed to invest KD 20 million ($64 million) over a four-year period.
Contracts have been awarded for the first four packages on the scheme. Worth a total of about KD 4.6 million ($15 million), the packages cover site preparation, removal of existing pipelines, construction of an onshore culvert and marine works.
The consultant is the local Gulf Consult, with Amman-based Dar al-Omran. The US' Cambridge Seven Associates is the architect; the marine consultant is the UK's Mouchel.
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