Bids are due in mid-April for the estimated $450m contract
Kuwait’s Al-Osaimi Investments & Real Estate has invited contractors to submit bids by 10 April for the estimated $450m contract to build a resort on the Palm Jumeirah in Dubai.
According to sources close to the project, about 25 companies have been invited to bid for the project that involves building a hotel and villas on two plots of the crescent of the Palm Jumeirah near to the existing Atlantis resort.
The consultant is Lebanon’s Khatib & Alami.
The resort was launched before Dubai’s property market dipped sharply in late 2008.
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.