Property to be operated by Hard Rock
Local developer Aabar Properties has received bids from companies for the contract to build a five-star hotel in Abu Dhabi.
The project is located at the Saraya development on Abu Dhabi Island’s corniche. It involves building a Hard Rock hotel with five basement levels, four podium levels, 32 floors and four levels of services. The project manager is Australia’s Confluence.
In May, China State Construction Engineering Corporation signed an agreement with Aabar to develop $2bn of real estate projects in Abu Dhabi. Although the details of the projects were not disclosed, the Beijing-based contractor said funding for the projects will be provided by the Industrial and Commercial Bank of China.
Aabar is developing other major projects in the UAE capital. In late April, it awarded the local Arabtec Construction an estimated AED222m ($60m) contract to build a residential development on Abu Dhabi’s Reem Island.
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.