Local developer Meraas has received revised offers from two shortlisted contractors for the contract to build Dubai’s AED500m ($136m) Museum of the Future.

The two shortlisted companies are the local Alec and Bam of the Netherlands.

Bids were initially submitted for the contract in August.

Set to open in 2017, the museum will be used to showcase cutting-edge technologies, and with the motto ‘See the future, create the future”, it has been designed to play a leading role in developing a culture of innovation in Dubai and the rest of the UAE. It will be built close to Emirates Towers and Dubai International Financial Centre.

When launched earlier this year, it was said that part of the structure will be 3D-printed rather than conventionally built.

Germany’s Bauer is working on the foundations.

The consultants that have been engaged on the project include local firms Rice Perry Ellis and Killa Design as well as the UK’s Buro Happold.