Bids for real estate study submitted in early 2016
Consultants that bid for an advisory contract on the Mohammed bin Rashid Stadium development are waiting for Dubais Roads & Transport Authority (RTA) to make an award.
The RTA is considering a mixed-use real estate development around the stadium, as a source of revenue.
It has changed the scope of the contract since bids were accepted in early 2016.
The original tender involved studying the demand and optimum mix of land use for real estate on a 400,000 square metre area including the stadium. The original scope of work also included evaluating different development models, including traditional engineering, procurement & construction (EPC), public private partnership (PPP), appointing a developer or forming a joint venture, as well as any financing required.
The AED3bn ($817m) stadium will be located in the Al-Awir area of Dubai. The 60,000-seat sports venue will comply with Fifa standards and be the worlds first fully air-conditioned and raised off-the-ground stadium. The complex will also include a training hall, 5,000-space car park, a sports museum and conference halls.
Lebanons Dar al-Handasah (Shair & Partners) and US-based Perkins+Will are the consultants working on the stadium design.
The RTA is planning several PPP projects in Dubai, including a transit oriented development at Union Oasis metro station, and worker accommodation for the Dubai Taxi Corporation.
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