Wave delays award of Kempinski hotel in Oman

12 April 2011

No decision on contract award is expected until summer

Oman-based developer The Wave has delayed the award of the contract to build the Kempinski hotel on its Wave development near Muscat.

The developer received bids from at least seven contractors on 2 January. But contractors have been asked to delay bid bonds until the end of July. The delay is due to the developer conducting a value engineering exercise to reduce the cost of the project, and a possible restructure of the financing of the development, according to sources close to the project.

The bidders for the main construction package include:

  • Al-Habtoor Leighton (UAE/Australia)
  • Al-Turki Enterprises (local)
  • Carillion Alawi (local/UK)
  • Douglas OHI (local/UAE)
  • Laing O’Rourke (UK)
  • Multiplex (Australia), Larsen & Toubro (India)
  • Murray & Roberts Contractors (Middle East) (South Africa), Bahwan Engineering (local)

The Kempinski will have 350 rooms with suites, as well as business and leisure facilities. The development is expected to open in the first quarter of 2013.

The mixed-use Wave project is being developed through a joint venture of UAE-based Majid al-Futtaim (MAF) and the Omani government.

This $3bn scheme, located on the coast at Muscat, covers an area of 2.2 million square metres and includes 4,000 residential properties, four hotels, a 400-berth marina and retail facilities. The development will also include an 18-hole golf course designed by Greg Norman (MEED 7:1:11).

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