Local developer Nakheel has invited selected companies to express interest in the contract to build its Palm Gateway scheme in Dubai.

MEED reported in mid-September that Nakheel is planning to rentender the project.

Nakheel had selected a joint venture of South Korea’s Ssangyong Engineering Corporation and China State Construction Engineering Corporation for the AED1.4bn ($381m) construction contract earlier this year.

The project involves the construction of three towers and a beach complex and is expected to take about three years to complete. It will be built on top of an existing car park that serves the Palm monorail on Al-Sufouh road at the entrance to the Palm Jumeirah.

The first tower, known as the Tubular Tower, will be 285 metres tall, with 59 storeys, including 44 above podium level. The Central Tower will be 205 metres tall, with 48 storeys. The Beach Tower will be 206 metres tall, with 48 floors. The development also includes a beach club, as well as retail, dining, and health and fitness outlets.