Keppel Al-Numu Development has cancelled plans to build its estimated SR2bn ($533m) Al-Mada Towers project in Jeddah.
The developer, which was formed in 2008, is a joint venture of Singapore’s Keppel Land Limited and the local Saudi Economic and Development Company (Sedco). The developer has been evaluating bids from contractors that were first invited to bid for the contract in 2009. At least nine contracting groups were prequalified for the tender. They include:
- Al-Rajhi Group (local), Al-Habtoor Leighton (UAE/Australia)
- Arabtec Construction (UAE)
- China State Construction Engineering Corporation (China)
- Hyundai Engineering & Construction (South Korea)
- Samsung Corporation (South Korea)
- Saudi Arabian Construction Company (ACC) (Lebanon)
- Saudi Binladin Group (Saudi Arabia)
- Saudi Oger (Saudi Arabia)
- Ssangyong Corporation (South Korea)
Located on a site of around 35,000 square-metres, the scheme involved building two 84-storey residential towers with a total built-up area of about 425,000 square-metres. In total there would have been more than 1,000 apartments, helipads on the roofs and separate technical floors for mechanical, electrical and engineering equipment.
There would have been more than 1,000 apartments, helipads on the roofs and separate technical floors
The common areas will include a basement, a five-storey podium and car park and a two-storey clubhouse and healthcare spa. The podium terrace will also feature an amphitheatre, tennis courts, swimming pools and landscaped family areas.
The local Saudi Diyar is the architect on the project.