Companies planning to bid for the main contract on the estimated $400 million San Stefano development in Alexandria have been given an extra month to prepare their offers. The new closing date is 1 November (MEED 16:6:00).
Project sources say that the companies actively preparing to bid include Kvaerner Construction of the UK, Athens-based Joannou & Paraskevaides (J&P - Overseas), Hyundai Engineering & Construction Company of South Korea and the UAE/South African venture of Al-Habtoor Engineering Enterprises and Murray & Roberts Contractors (Middle East). Twelve companies were prequalified.
The contract is for construction of the main building in the seafront complex. It will have 30 floors, including a 120-room hotel, to be managed by Canada's Four Seasons Hotels, and a six-floor commercial and entertainment area. The total built-up area is 400,000 square metres, and construction is due to be completed in 40 months.
The client is a group of investors led by the local Alexandria Real Estate Investment Company.
You might also like...
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.