Tenders for the construction of a AED1.2bn ($327m) hotel and apartment complex planned by Kuwait’s Al-Osaimi Development & Real Estate on Palm Jumeirah in Dubai are expected to be issued in early 2009.
Enabling works are currently under way on the luxury hotel, and construction is expected to begin following the completion of the design, which is due in February 2009.
Construction work is expected to last 30 months.
The project will cover 288,000 square metres and will include an apartment building, watersports club, four restaurants, a spa, chalets and villas.
The Bahrain-based Projacs is the project manager on the work and the consultant is Lebanese-based Khatib & Alami.
You might also like...
Amiral cogen eyes financial close
26 April 2024
Lunate acquires 40% stake in Adnoc Oil Pipelines
26 April 2024
Saudi Arabia's Rawabi Holding raises SR1.2bn in sukuk
26 April 2024
Iraq oil project reaches 70% completion
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.
