Companies invited include three locals, Alec, Arabtec Construction and Khansaheb Civil Engineering, the local/South African joint venture of Al-Habtoor Engineering Enterprises and Murray & Roberts Contractors (Middle East), and Japan’s Taisei Corporation.

The deadline for bids, which is the first part of a two-stage tender process, is 13 July. The contract is worth AED2bn ($545m) in total.

The project is located close to the Trump International hotel
and tower, and involves the construction of two 18-floor residential towers, a four-floor luxury apartment building and underground parking.

The built-up area of the residential buildings is 80,000 square metres and a further 80,000 sq m is planned for car parking.

The consultant is UK-based Holfords. The architect is Australia’s PTW. The Al-Habtoor Murray & Roberts joint venture was awarded the AED2.9bn contract for the Trump tower project in June (MEED 4:6:08).

Nakheel bought the QE2 from UK-based Cunard Line in 2007 for $100m. It will arrive in Dubai, where it will be used as a floating hotel and museum, in November.

Also on the Palm Jumeirah, Kuwait-based developer IFA Hotels & Resorts has awarded the local Dubai Contracting Company the AED1bn contract to build the first phase of the Kingdom of Sheba resort.