International Capital Trading extends Al-Raha Beach Hotel tender

03 November 2009

Local developer plans to expand Abu Dhabi resort

International Capital Trading (ICT) has given contractors an extra three weeks to prepare their bids for the contract to build an extension to the Al-Raha Beach Hotel in Abu Dhabi.

The local developer had originally invited selected companies to bid by 19 October. The new closing date is 9 November.

The project covers the construction of a four-floor extension with 144 rooms, two restaurants and underground parking (MEED 13:9:09).

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 finished building the hotel in 2004.

ICT has been one of the busiest real estate 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 the southwest of Abu Dhabi Island, close to the Intercontinental Hotel overlooking Hudayriat Island.

In May, it awarded a $436m contract to the local joint venture of National Projects Construction and Arabtec Construction to build its Nation Towers project on Abu Dhabi Corniche.

After this award, ITC signed a $71m contract with the local Pivot Engineering and General Contracting Company in April, to build 170 villas at Mohammed bin Zayed City.

The developer’s largest project is the Ghantoot Green City development, covering 60 square kilometres and is still in the planning stages. It is close to the Dubai border.

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