Three major awards have been made by the joint venture of First Gulf Bank and Link Investments for a mixed-use complex in Mohammed bin Zayed (MBZ) City. The local Al-Fara'a General Contracting Company and Seidco General Contracting have been awarded the two main construction contracts, while the local National Central Cooling Company (Tabreed) has been selected to provide district cooling.
The estimated AED 240 million ($65 million) contract awarded to Al-Fara'a covers the construction of a shopping mall with four towers. Three of the towers will be for offices and the fourth will be furnished apartments. Seidco's estimated AED 500 million ($136 million) package covers the construction of 16 residential buildings. Tabreed will provide 7,365 tonnes of refrigeration to the development. Completion is expected by September 2007.
The local APCC has started work on the piling, shoring, excavation and dewatering package. Abu Dhabi-based Al-Bayaty & Bainona Architects is the design consultant. The US' Morganti is the project manager.
The MBZ City project will see the construction of about 270 commercial and residential buildings, related infrastructure works and entertainment facilities. With total costs of about AED 14,000 million ($3,815 million), the project is estimated to cover an area of 20 square kilometres (MEED 9:12:05).