International Capital Trading invites select firms to bid for construction contract
Local developer International Capital Trading (ICT) has invited selected companies to bid by 19 October for a contract to build an extension to the Al-Raha Beach Hotel in Abu Dhabi.
The project covers the construction of a four-floor extension with 144 rooms, two restaurants and underground parking.
The hotel is adjacent to Aldar Properties’ $14.7bn Al-Raha Beach development on the highway between Abu Dhabi and Dubai.
The local Al-Habtoor Engineering Enterprises completed the construction of the hotel in 2004.
ICT has been one of the busiest developers in Abu Dhabi in 2009. It is also tendering the contract to build its Marasy development in Abu Dhabi. It will build the project on two plots of land at Al-Bateen Marina, on southwestern Abu Dhabi island, close to the Intercontinental Hotel overlooking Hudairyat Island (MEED 13:7:09).
In May, it awarded a $436m contract to the local joint venture of National Projects Construction (NPC) and Arabtec Construction to build it’s Nation Towers project on Abu Dhabi Corniche. This award followed the signing of a $71m contract in April to build 170 villas at Mohammed bin Zayed City with the local Pivot Engineering and General Contracting Company.
ICT’s largest project is in Ghantoot, close to the Dubai border known as Ghantoot Green City. It will cover 60 square kilometres and is still in the planning stages.
You might also like...
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.