The Investment Corporation of Dubai (ICD) has invited prequalified contractors to bid by 21 June for the deal to build the estimated $1.4bn expansion of the Atlantis resort on the Palm Jumeirah.

Known as the Royal Atlantis Resort and Residences, the hotel building will be built next to the existing Atlantis hotel, which opened in 2008 on the crescent of the Palm Jumeirah. The new 800-room, 46-storey hotel will be managed by Bahamas-based luxury hotel developer and operator Kerzner International. The development will also include 250 luxury residences, as well as retail outlets. The property is scheduled for completion by 2017.

The New York-based Kohn Pedersen Fox Associates is the architect for the project. London-based GA Design has been appointed to do the interiors. UK-based Faithful+Gould is the project manager. Kerzner International is the development manager. In April, ICD bought a equity stake in Kerzner International Holdings.

ICD is planning another major building project in Dubai. In early February, it invited selected contractors to submit prequalification documents for the deal to build a major new high-rise tower in the World Trade Centre area of Dubai, known as One Zabeel.

Companies were invited to express interest in the project in January. A consultancy team for the project was appointed last year. The architect is Japan’s Nikken Sekkei, the structural engineer is UK-based WSP, and the project manager is UK-based Mace Group.

The building has been designed as a new landmark structure for Dubai, with Nikken Sekkei’s design being chosen ahead of proposals from at least three other leading international design firms.