Local firms express interest in development
- A total of 17 companies express interest
- Project set to be complete by 2018
Dubai Investments has received interest from contractors for work on its mixed-use scheme in Dubai.
The $680m Mirdif Hills mixed-use project will include 680 apartments, a 230-room hotel, 129 retail units and 380 offices, as well as a recreational area and associated facilities.
It is understood that 17 companies have prequalified for the main contract. A source close to the project told MEED that the list includes:
- Habtoor Leighton Group (Local/Australian)
- Arabian Construction Company (Lebanon)
- Engineering Contracting Company (Local)
- ANC Construction Company (Local)
- Ghantoot Group (Local)
- Belhesa Engineering and Contracting (Local)
- Al-Hamad Group (Local)
- Al-Shafar General Contracting (Local)
- Shapoorji Group (Indian)
- Kele (Local)
The project was initially announced in 2008 but faced delays and was revived in 2014. A source close to the project says that the expected completion date is 2018.
The UKs JDA Architects was appointed as the lead architect on the project with the local A2Z Architecural Engineering as consultant.
In July, Dubai Investments announced net profits of AED506m for the first half of the year, compared with AED806m for the same period last year. Earlier this year Dubai Investments completed its 59.7 per cent acquisition of the local Al-Mal Capital.
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