Eight companies submitted a second set of prequalification documents on 20 November for the main contract to build the Fairmont Palm Residences & Hotel on Palm Jumeirah. The client is expected to reduce the list to about four companies once the second set of documents are reviewed. The companies are Al-Habtoor Engineering Enterprises, ALEC, Khansaheb Civil Engineering, the local/UK Al-Naboodah Laing O'Rourke, the local Arabtec Construction,the local/Belgian Bel Hasa Six Construct, the local/UK Dutco Balfour Beattyand South Africa's Murray & Roberts Contractors (Middle East).
The residences, which are being developed by Kuwait-based IFA Hotels & Resorts, will comprise 580 luxury apartments, townhouses and villas for about 2,000 residents as well as underground parking and related entertainment facilities. Project costs are estimated at about $200 million. The hotel element, being developed by a joint venture of IFA and Saudi Arabia's Kingdom Hotel Investment Group, is also valued at about $200 million and covers the construction of a 400-room luxury resort. Work on both projects is due to be completed by 2008. The UK's Mace Internationalis the project manager (MEED 11:11:05).
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