Successful contractor to build seven towers on Saadiyat Island
Abu Dhabi-based Tourism Development & Investment Company (TDIC) has received bids for the contract to build the Saadiyat Beach Apartments on Saadiyat Island.
The bidders include the Local Alec; the local Arabtec Construction; the local Al-Fara’a General Contracting Company; the local/UK Al-Futtaim Carillion; and Australia’s Multiplex.
The project involves the construction of seven apartment buildings on the beach district of Saadiyat Island, close to the St Regis resort and the Saadiyat Beach Residences, both of which are still being built (MEED 5:2:10).
In May 2009, the joint venture of Al-Habtoor Engineering Enterprises and South Africa’s Murray & Roberts Contractors (Middle East) won the AED2bn ($545m) contract to build the St Regis resort.
In August, TDIC awarded an estimated AED1bn contract to build 295 villas at Saadiyat Beach Residences to the local Al-Jaber Group.
The $27.2bn Saadiyat Island project is one of the largest real estate schemes in the UAE. It includes hotels, villas, golf courses and a cultural district.
This district includes the Louvre, the Sheikh Zayed National Museum, the Guggenheim Abu Dhabi Museum, a performing arts centre and a maritime museum.
In late October, TDIC opened the $191m Saadiyat Bridge. The causeway connects Saadiyat Island to Abu Dhabi Island and the nearby Yas Island, which is being developed by the local Aldar Properties.
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.