Al-Sharq Investment, the local subsidiary of the Saudi-based Al-Sharq Group of Companies, has invited contractors to prequalify for the contract to build a new hotel development on the Palm Jumeirah in Dubai.
The W Hotel & Residences development involves building three six-storey buildings on a 90,000 square-metre plot of land on the Palm Jumeirah crescent next to the Kempinski hotel development. One of the buildings will be a 360-room hotel and the other two will be apartment buildings with 75 luxury units.
The client expects to tender the two-year contract in December this year, with tender closing date in February 2014. A contractor will then be appointed in March 2014 ahead of construction starting in April 2014.
The lead consultant is the UKs RMJM. The cost consultant is UK-based Bruce Shaw.
Al-Sharq planned to build two projects in Dubai in 2005. The largest was the estimated $1.9bn Aqua Dunya development in Dubailand involved building a waterpark, a 330-room hotel, a shopping centre and a conference centre. The other project was a 70-storey tower in the Burj Khalifa area.