The Netherlands' Royal Boskalis Westminsterwith Saudi Archirodonand the US' Great Lakes Dredge & Dockwith the local AA Nass Contractinghave been called for further negotiations on the dredging and reclamation contract for the Durrat al-Bahrain resort. The same two teams competed for the original contract, which was awarded to the Royal Boskalis Westminster team in 2003.
The contract, worth over $100 million, was retendered to take account of the revised scope of the project, after Kuwait Finance Housebought the 50 per cent share held by Saudi Arabia's Dallah al-Baraka Groupand appointed the UK's WS Atkinsto draw up a new masterplan for the estimated $1,300 million development, located at the southern end of the main island. The Ministry of Finance & National Economy owns the remaining 50 per cent. The scope of works calls for dredging and reclamation of a 20-square-kilometre area (MEED 11:6:04). On completion, scheduled for 2008, the resort will comprise residential islands arranged in a semicircle around the 300-600-room central hotel, with leisure facilities including an 18-hole golf course, a water park and a 400-boat marina.
You might also like...
TotalEnergies to acquire remaining 50% SapuraOMV stake
26 April 2024
Hyundai E&C breaks ground on Jafurah gas project
26 April 2024
Abu Dhabi signs air taxi deals
26 April 2024
Spanish developer to invest in Saudi housing
26 April 2024
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.