Four contractors have submitted bids for the contract to build Nakheel’s Palm Gateway scheme in Dubai.

The bidders are India’s Shapoorji Pallonji, Abu Dhabi’s Trojan General Contracting, Lebanon’s Arabian Construction Company (ACC), and Canada’s Multiplex.

The project involves the construction of three towers and a beach complex, and is expected to take about three years to complete. It will be built on top of an existing car park that serves the Palm monorail on Al-Sufouh road at the entrance to the Palm Jumeirah.

Nakheel plans to award the estimated AED1.4bn ($381m) contract to build its Palm Gateway scheme in Dubai before the end of May. “We got bids back,” Nakheel chairman Ali Rashid Lootah said on 13 April. “We will award it within one month.”