Successful bidder will complete half finished tower project in Dubai
Dubai-based Daman Real Estate Capital Partners has invited companies to bid for a contract to complete its half finished Buildings by Daman project at the Dubai International Financial Centre (DIFC).
The prospective bidders include the local/Australian Al-Habtoor Group; the local Arabtec Construction; and the local Khansaheb Civil Engineering.
The move follows Daman’s decision to terminate the project’s contractor Oger Dubai. Daman says the decision was made due to Oger’s disappointing performance.
Oger has issued a statement saying that is does not accept that the decision to terminate. “Oger Dubai does not accept that the decision of Daman Real Estate Capital Partners was based on the alleged performance related issues, but notes many key factors surrounding the project. Oger Dubai has performed the works to high standards and in accordance with its commitments.”
Oger Dubai, which is the local affiliate of Saudi Oger, won the estimated AED1bn ($272m) main construction package on the project in 2007.
The project calls for the construction of a mixed-use residential and commercial complex consisting of two towers. US-based Hill International is the project manager (MEED 16:02:07).
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