Projects in the Gulf
01 February 2009
BAHRAIN
Diyar Al Muharraq — Masterplan
Owner: Kuwait Finance House (KFH)
Budget: $1.914 billion
Scope: The project calls for the design and construction of a 12-sq-km new island north of Bahrain airport in Muharraq. The development, which will include 30,000 residential units, will also feature abundant landscaping, a number of international five-star hotels, a large shopping mall, car parks, business district and light logistic and support area.
Update: Dredging and reclamation work for the second phase of Diyar Al Muharraq project is being undertaken by the joint venture between A A Nass Contracting Company and Great Lakes Dredge and Dock Company.
Reef Island (Lulu Island Resort) — Masterplan
Owner: Lulu Tourism Company
Budget: $800 million
Scope: The project calls for the design and construction of 39 residential buildings comprising a total of 1,217 apartments with waterfront or lagoon views, an iconic residential tower building, 49 chalets, 65 Arabian-style villas, a 300-room five-star hotel, a marina and yacht club, an aquarium, a medical centre, a shopping mall, a multi-function exhibition centre, and infrastructure works. The development will cover 579,000 sq m and is being built along the coast of Manama.
Update: Diyar Al Bahrain has launched the Conrad Hotel on Reef Island, which is expected to be completed in 2011.
Diyar Al Muharraq — Phase One — Dredging & Reclamation
Owner: Kuwait Finance House (KFH)
Budget: $500 million
Scope: The project calls for the dredging of 80 million cu m of material for the first phase of Diyar Al Muharraq mixed-used development. The project will be located north of Bahrain airport in Muharraq.
Update: Construction work is going on and expected to be completed by November 2009.
Reef Island — Conrad Hotel
Owner: Diyar Al Bahrain
Budget: $250 million
Scope: The project will involve the construction of a new luxury five-star hotel located on Reef Island. The hotel will include 250 guest rooms and 50 apartments and offer shopping outlets, fitness facilities, a swimming pool and a health club.
Update: Diyar Al Bahrain has launched Conrad Hotel on Reef Island, which is expected to be completed in 2011.
Amwaj Gateway
Owner: Amwaj Gateway Company
Budget: $200 million
Scope: The project calls for the design and construction of a mixed-use development consisting of six 20-storey buildings on a 360,000 sq ft plot at the Amwaj Islands on the coast of Muharraq. Four of the buildings will comprise residential units, providing 300 apartments and 94 townhouses in total. The other two buildings will offer hotels with144 rooms in total, restaurants, commercial outlets, swimming pools, gymnasiums and a private beach.
Update: Construction is under way on the project
Diyar Al Muharraq — Phase Two — Dredging & Reclamation
Owner: Kuwait Finance House (KFH)
Budget: $186 million
Scope: The project calls for the dredging, reclamation and marine shore for the second phase of Diyar Al Muharraq mixed-used development located north of Bahrain airport in the Muharraq region.
Update: Dredging and reclamation work has started by the joint venture of A A Nass Contracting Company and Great Lakes Dredge & Dock Company. The project will take two years to complete.
Amwaj Islands — Al Fanar Resort — Marriott Renaissance Hotel
Owner: Ossis Property Developers
Budget: $145 million
Scope: The project calls for the design and construction of a new five-star Marriott Renaissance Hotel at the Fanar Resort in Bahrain. The building will consist of 20 storeys with 323 sea-facing rooms and also include five restaurants, lounges, a 1,500 sq m conference centre and other related leisure facilities.
Update: Construction of the project is going on.
KUWAIT
Al Hamra Complex
Owner: Ajial Real Estate Entertainment Company
Budget: $946 million
Scope: The project calls for design and construction of a 22,000 sq m commercial complex in East Almaqoua area in Kuwait City. The development will include a 412-m 77-storey-high commercial tower, seven-storey shopping mall with cinemas, a coffee shop and entertainment facilities. It also includes an 11-storey car-park building covering a land area of 7,000 sq m.
Update: Construction work is going on and expected to be completed as scheduled.
Subiya Expressway — Phase Three
Owner: Kuwait Ministry of Public Works (MPW)
Budget: $160 million
Scope: The third phase will involve the upgrading and construction of the last 27 km of the 72-km Jahra-Subiya expressway. The package will cover the two stretches to the Iraqi border and Bubiyan Island. The project was initiated to reduce travelling time to the planned new city at Subiya and new Bubiyan port.
Update: United Gulf Construction Company has been awarded the main contract for the third phase of Subiya Expressway, which will take three years to complete.
Subiya Expressway — Phase One
Owner: Kuwait Ministry of Public Works (MPW)
Budget: $88 million
Scope: The first phase will involve the upgrading and construction of the first 22 km of 72 km Jahra-Subiya expressway. The package will cover the stretch from Jahra. The project was initiated to reduce travelling times to the planned new city at Subiya and new Bubiyan port.
Update: Construction work is going on and expected to be completed by the end of 2009.
Subiya Expressway — Phase Two
Owner: Kuwait Ministry of Public Works (MPW)
Budget: $84 million
Scope: The second phase will involve the upgrading and construction of a further 23 km of 72 km Jahra-Subiya expressway. The contract includes the construction of nine bridges along the Subiya Expressway. The project was initiated to reduce travelling time to the planned new city at Subiya and new Bubiyan port.
Update: Construction work is going on and expected to be completed by the end of this year.
OMAN
Al Madina Al Zarqa (Blue City) Development — Masterplan
Owner: Al Sawadi Investment & Tourism Company
Budget: $13.2 billion
Scope: The project calls for design and construction of five beach resorts comprising 2,000 hotel rooms in total, 1,000 residential units, a signature golf course, golf community and a state-of-the-art aquarium. It will cover an area of 8.5 sq km and educational, professional training facilities, a healthcare centre, sports venues and a sports academy, a cruise ship harbour, and marina developments. The development will be built on 35 sq km along the Al Sawadi seafront, 100 km northwest of the capital.
Update: Construction work on Phase One is going on and expected to be completed by the end of 2010.
Al Madina Al Zarqa (Blue City) Development — Phase One
Owner: Al Sawadi Investment & Tourism Company
Budget: $1.9 billion
Scope: The project calls for the design and construction of 2.2 sq km of first phase of Al Madina Al Zarqa City. The project will include 5,500 residential units, three five-star hotels, 18-hole golf course, shopping complex and entertainment centres.
Update: Construction work is going on and expected to be completed by the end of 2010.
Refurbishment of Muscat's Al Bustan Palace Hotel
Owner: Oman Ministry of Tourism
Budget: $12 million
Scope: The project calls for the refurbishment of Muscat's Al Bustan Palace Hotel, which will include landscaping components, chalets and related utilities. The hotel has nine storeys and comprises 250 luxurious rooms and suites as well as a swimming pool, health club with gymnasium and six restaurants.
Update: Construction work is complete.
QATAR
Qatar Railway Network
Owner: Qatar Ministry of Communications and Transport
Budget: $3 billion
Scope: The project calls for design and execution of a railway network in Qatar. The project will be 85 km long and include an east coast rail link for passengers and freight between Ras Laffan and Mesaieed via Doha, a high-speed link from New Doha International Airport through Doha city centre and on to a causeway, a freight link connected to the planned GCC rail network, a Doha metro network, and a light rail system serving new developments to the north of Doha, such as Lusail, Education City and West Bay.
Update: Sources indicate that construction is expected to start this year and completed in 2015.
Qatari Diyar Real Estate Investment Company — Doha Convention Centre
Owner: Qatari Diyar Real Estate Investment Company
Budget: $800 million
Scope: The project calls for the design and construction of the capital's tallest building, located close to the Sheraton Doha Hotel. The building will reach 400 m in height and consist of 104 storeys providing hotel facilities, apartments, parking area for 4,000 vehicles and some retail units. The building will offer a built-up area of 180,000 sq m while the convention centre will offer 100,000 sq m of built-up area.
Update: A joint venture of the Midmac Contracting and Six Construct have been awarded the $800 million contract to build the new Doha Convention Centre.
Qatari Diyar Real Estate Investment Company — Doha Tower
Owner: Qatari Diyar Real Estate Investment Company
Budget: $250 million
Scope: The project calls for the design and construction of the capital's tallest building, located close to the Sheraton Doha Hotel. The building will reach a height of 400 m and consist of 104 storeys providing hotel facilities, apartments, parking area for 4,000 vehicles and some retail units. The building will offer a built-up area of 180,000 sq m.
Update: Bids submission date for the project has been delayed till mid-February.
Grand Hyatt Hotel & Villas
Owner: Touristic Investment Company
Budget: $150 million
Scope: The project, covering an area of 93,000 sq m, calls for the design and construction of a five-star hotel in Doha with 249 rooms, 91 residential villas, separate health and fitness centres and parking facilities.
Update: Construction work is going on and expected to be completed by March.
SAUDI ARABIA
King Abdullah Economic City
Owner: Emaar Economic City Company
Budget: $92.912 billion
Scope: The project calls for building an integrated city covering a 168 million sq m along the Red Sea between Jeddah and Rabigh. It includes the following: a seaport over 14 million sq m and 300,000 pilgrim capacity; an industrial district over 63 million sq m (Phase One covers 6.24 million sq m); financial island over 3.8 million sq m; resorts over 3.5 million sq m; a residential area over 51 million sq m, which will include 150,000 apartments; and an educational zone including multi-university campus to accommodate 18,000 students.
Update: Freyssinet Saudi Arabia Company has been awarded the main contract for the first school within King Abdullah Economic City.
GCC Railway
Owner: Cooperation Council for the Arab States of the Gulf Secretariat General (GCC)
Budget: $12 billion
Scope: The project calls for connecting the GCC countries with a railway system, which will run 4,000 km along the coast of the Arabian Gulf from Muscat in Oman to Kuwait City in Kuwait passing through Saudi Arabia and the UAE with an option for Saudi Arabia to Manama in Bahrain and 110 km from Saudi Arabia to Doha in Qatar. The proposed network also includes a line from Turkey along the Red Sea to Yemen passing through Syria, Lebanon, Jordan and Saudi. The network will consist of 16 lines totalling 19,000 km.
Update: The feasibility study of the GCC railway project has been approved by the GCC transport ministers. The first line of the GCC rail network is expected to be completed by 2016.
SRO — Makkah-Madinah Railway
Owner: Saudi Railways Organisation (SRO)
Budget: $6 billion
Scope: The project calls for the development of a rail network linking the holy cities of Makkah and Madinah, passing through the Western port cities of Jeddah and Rabigh. It will be given on design, build and operate (for 50 years) and transfer (DBOT) basis. The scheme will have six stations: near the Holy Mosque in Makkah; Makkah outskirts; Jeddah airport; Jeddah city centre; Rabigh; Madinah; 3 km from the Holy Mosque. About 100 trains a day will run on the line. The railway will be primarily geared towards passenger service, accommodating annual pilgrimage. It will be a high-speed mass transit carrying approximately 2.5 million pilgrims during Haj and 7.5 million Umrah visitors during the year (approximately two million Umrah visitors during Ramadan alone). The concessionaire is responsible for the design, financing, construction and operation, and will have the freedom to adopt suitable design and construction techniques. It provides an opportunity for hi-tech transport solution providers to introduce their technology. The development also includes the setting up of signalling and control systems.
Update: Financial offers for Makkah-Madinah railway will be opened this month.
Rehabilitation Centres
Owner: Saudi Arabia Ministry of Interior
Budget: $3.7 billion
Scope: The project calls for the design and construction of seven rehabilitation centres for prisoners, located in Riyadh, Jeddah, Madinah, Taif, Baha, Dammam and Jouf. Each centre will cover 4,000,000 sq m with a total built-up area of 300,000 to 350,000 sq m.
Update: Bids have been submitted for the main construction package.
Dubai Towers Jeddah
Owner: Sama Dubai
Budget: $500 million
Scope: The project calls for the design and construction of two towers in Jeddah. Tower One will be a mixed-use facility of 80 floors and Tower Two will be having 20 floors for official purpose. The development will cover 500,000 sq m.
Update: The development has been put on hold with no date set for its revival.
King Saud University Expansion — Staff & Faculty Accommodation — Phase Two
Owner: King Saud University
Budget: $425 million
Scope: The project calls for the design and construction of faculty accommodation buildings at King Saud University. The project will include apartments and villas.
Update: Al Rashid Trading and Contracting Company has been awarded the main contract.
Ghurnata Office Complex in Riyadh
Owner: General Organisation for Social Insurance (Gosi)
Budget: $400 million
Scope: The project calls for the design and construction of an offices complex in the Ghurnata area in Riyadh, including 10 buildings with three to 20 storeys. The development will cover an area of 133,000 sq m with a total built-up area of 135,000 sq m. The scope of work also includes a convention centre and landscaping work.
Update: The main construction contract is expected to be awarded within two weeks.
Ewan — Al Farideh Project
Owner: Ewan Housing International
Budget: $375 million
Scope: The project calls for the design and the construction of 2,500 residential units to be developed over an area of about 1.2 million sq m in the north of Jeddah.
Update: Construction work will begin in mid-2009.
Al Qasr Project in Riyadh — Buildings
Owner: Dar Al Arkan Real Estate Development Company
Budget: $350 million
Scope: The project calls for the design and construction of a 813,389 sq m commercial and residential development at Suwaidi, south of Riyadh. The scope of work includes 4,000 unit villas and commercial utilities (including offices and four or five stories buildings). The total built area is estimated at about 711,059 sq m — 359,014 sq m for residential area, 317,551 sq m for commercial units and 34,494 sq m for offices. The scope of work also includes infrastructure work and other related facilities.
Update: The project is expected to be completed by May.
Qassim University Expansion — Faculty Accommodation
Owner: Qassim University
Budget: $300 million
Scope: The project calls for the design and construction of 480 villas for faculty accommodation at Qassim University covering an area of 1,850,000 sq m.
Update: The project will be re-tendered with some changes in the design.
800 Residential Units in Jubail
Owner: General Organisation for Social Insurance (Gosi)
Budget: $300 million
Scope: The project calls for design and construction of an 800-apartment residential development in Jubail.
Update: The client is still involved with finalising the designs.
Imam Muhammad Bin Saud Islamic University Expansion — Colleges of Languages & Translation and Computer Science
Owner: Imam Muhammad Bin Saud Islamic University
Budget: $160 million
Scope: The project calls for the design and construction of two three-storey buildings for the College of Languages and Translation and the Computer Science College in Imam Muhammad Bin Saud Islamic University in Riyadh. The development will cover an area of 37,000 sq m.
Update: Construction work is complete.
UAE
Mohammed Bin Rashid Gardens City — Masterplan
Owner: Dubai Properties
Budget: $54 billion
Scope: The project calls for the design and construction of a new city located between Al Khail Road and Emirates Road in Dubai. It will comprise four main clusters themed around wisdom, humanity, nature and commerce and will cover an area of 88 sq km.
Update: Tenders for the infrastructure package might be delayed for few months.
Nakheel Harbour & Tower Development (Al Burj Tower)
Owner: Nakheel
Budget: $38 billion
Scope: The project calls for the design and construction of 1 km, 200-storey mixed-use tower located on the proposed Arabian Canal next to Ibn Battuta Mall and Jumeirah islands. The development will comprise four individual towers within a single structure, and will cover an area of 2.7 sq km. The main tower will be surrounded by 40 towers, ranging in height from 20 to 90 storeys. The project will comprise 150 lifts, 10,000 parking spaces, 19,000 residential apartments and 500 hotel rooms.
Update: Nakheel has stopped work on the enabling works.
Al Maktoum International Airport — Dubai World Central Project — Jebel Ali — Residential City — Masterplan
Owner: Dubai Department of Civil Aviation
Budget: $33 billion
Scope: The project will involve the construction of a residential city within the Dubai World Central (Jebel Ali Airport City) development scheme. It will include three hotels (five-, four- and three-star properties) and a shopping mall. It will also include a mix of two-storey villas and luxury apartments in blocks reaching up to 24 storeys with plot sizes ranging from 2,200 sq m to around 12,000 sq m. Up to 250,000 people are expected to live in the residential city and 20,000 will work there. It will be developed in three phases.
Update: Grading work has been completed. Phase Two will have 19 plots for mixed-use real estate development while nine plots are reserved for commercial and public amenities like schools, malls, hotels, health centres, mosques, fuel stations and parks.
Dubai World Central Project (formerly known as Jebel Ali Airport City Project) — Commercial City — Masterplan
Owner: Dubai Department of Civil Aviation
Budget: $30 billion
Scope: The project will involve the construction of a commercial city within the Dubai World Central (Jebel Ali Airport City) development scheme. It will have eight zones each with its own theme, including the Creative Commerce District, Grand Central, Business District, Central Park, The Urban Village, The 7 Towers, Residential Crescent and Lake District. The city will include 850 towers, ranging from six to 75 storeys in height to house a variety of businesses that are expected to employ around 130,000 people. The scope of work also includes construction of 25 hotels ranging from deluxe, through to five-star, four-star and three-star.
Update: DWC is looking for support on the commercial city. A joint venture will be formed with a major developer to take on a string of projects there. Local and international investors are expected to release the prime plots at the development.
Saadiyat Island Development — Masterplan
Owner: Tourism Development and Investment Company (TDIC)
Budget: $22 billion
Scope: The project will involve the construction of a mixed-use island complex that will be situated 7 km south of Abu Dhabi city. It will include 19 km of beachfront, 29 hotels comprising 7,000 rooms in total, three marinas, 8,000 residential villas and in excess of 38,000 residential apartments. Spread across six districts, the island will cover an area of approximately 27 sq km and will house about 150,000 people. The project will include a museum, concert hall and maritime history centre (Black Pearls), three harbours and central park (Al Marina), a golf course, sailing club and hotels (Saadiyat Beach), three- and four-star hotels and boardwalk along the shoreline (South Beach), residential villas and units around the island's central lagoon with another golf course (Saadiyat Park and The Wetlands). The development will cover an area of approximately 1,800 hectares.
Update: Abu Dhabi National Hotels Company (ADNH) has invited contractors to submit bids for the main contract by the end of January.
Dubai Waterfront Development — Arabian Canal — Masterplan
Owner: Limitless
Budget: $10 billion
Scope: The project will involve the excavation of the Arabian Canal, which will be 150 m wide, 6 m deep extending 75 km. The man-made canal will flow inland from Dubai Waterfront in Jebel Ali and pass to the east of the Dubai World Central development before turning back towards the Palm.
Update: Limitless had extended the date of bid submission to January 4 for Phase Two of the excavation package.
Dubai World Trade Centre (DWTC) Redevelopment Scheme — Masterplan
Owner: Dubai World Trade Centre
Budget: $4.4 billion
Scope: The project will involve the redevelopment of the existing Dubai World Trade Centre (DWTC) site. It will include the demolition of some of the current facilities and buildings including the old Trade Centre, Residences and the Sheikh Rashid Hall. The project will also involve the construction of approximately 40 high-rise buildings including hotels, exhibition halls, a convention centre, residential apartments, shopping and retail facilities, office buildings as well as car parking space and the Landmark Tower, that will be situated close to the Emirates Towers on Sheikh Zayed Road. The complex will be built in two phases.
Update: One Zabeel project has been delayed for a year and will be now completed by 2012.The main construction contract is expected by end of 2009.
The World Development — Masterplan
Owner: Nakheel
Budget: $3 billion
Scope: The project will involve the construction of 300 islands ranging from 150,000 sq ft to 450,000 sq ft in size located 21 km to the east by northeast of The Palm Jumeirah and 4 km offshore from Dubai. All islands will only be accessible by sea or air transport, with world-class marinas to berth boats, yachts and cruise liners. Two mainland marinas will service the World and four hub islands in the World. The development covers over 9.5 million sq m.
Update: Tenders for the main construction package of Coral Island might be delayed for few months.
Al Maktoum International Airport — Dubai World Central Project — Jebel Ali — International Humanitarian City (IHC) — Masterplan
Owner: Engineer’s Office
Budget: $3 billion
Scope: The project calls for the design and construction of International Humanitarian City project within the Dubai World Central (Jebel Ali Airport City) development scheme. The development will comprise 28 warehouses, seven offices buildings and a UN building.
Update: The main construction contract is still to be awarded.
Dubailand — Remraam Project — Masterplan
Owner: Mizin
Budget: $2.913 billion
Scope: The project will involve the construction of a mixed-use development to be located next to Arabian Ranches and right next door to the golf courses of Golf City. The project, covering an area of approximately 5.23 million sq ft, will be developed in two phases. Phase One will comprise seven-storey low-rise buildings offering 2,090 units. The project will include parks, swimming pools, gymnasium and health clubs, sauna and steam rooms, tennis and basketball courts, walking paths, kids’ playing areas and open spaces for recreation. The community will also offer a full-fledged mall, nurseries and parking facilities.
Update: Mizin has signed an agreement with Rakbank to provide financial services and benefit to customers or investors on project.
Dubailand — Bawadi Development Project — Bawadi Shopping Mall
Owner: Bawadi Development — Al Ghurair Investment
Budget: $2.747 billion
Scope: The project calls for the design and construction of a shopping mall covering an area of 40 million sq ft. The scope of work includes retail outlets, restaurants, car-parking units, shopping malls, boutique malls, street shopping and an underground shopping area and associated facilities, which will form a part of the Dubailand development scheme.
Update: The project is still in the very early stages with some studies still to be performed before work can commence.
Meydan City — Horse Racing City — Masterplan
Owner: Meydan
Budget: $2.1 billion
Scope: The project will be developed around the existing racecourse at Nad Al Sheba and extend to the Dubai Country Club area in Aweer. The horse racing city will include a 1,750 m dirt tract and a 2.4 kmturf race track, new stables and training tracks, receiving barns and a Godolphin gallery and museum. It includes a world-class hotel, more than 10 restaurants, the relocation of Godolphin Gallery, the home of Dubai Racing Club, a museum, as well as a covered car-parking facility for 10,000 vehicles and a 4-km canal, which will run from Dubai Creek to the racecourse. The total built-up area of the development will be approximately 76 million sq ft.
Update: Meydan has cancelled the main construction contract with the joint venture Arabtec Construction and Malaysia's WCT. Project will be re-tendered.
Jumeirah Park
Owner: Nakheel
Budget: $1.639 billion
Scope: The project will involve the construction of 2,000 three-, four-, and five-bedroom luxury villas with a total development area of 3.5 million sq m. It will be located between Interchange 5 and 6 on the Sheikh Zayed Road adjacent to the Jumeirah Island development.
Update: Project completion has been delayed by six months.
Dubai Waterfront Development — Ferretti Beach Residents (Marine Legends)
Owner: ACI Real Estate
Budget: $1.63 billion
Scope: The project calls for the design and construction of a 44 storeys twin tower including the Pershing Luxury Beach Residence, which will have 41 storeys, apart from individual retail units at the ground floor of each tower. The project will offer a total built-up area of 1,297,421 sq ft, which will form a part of Dubai Waterfront Development scheme.
Update: The project is expected to be complete by the third-quarter of 2011.
Dubailand — Bawadi Development Project — Asia-Asia Hotel
Owner: Tatweer
Budget: $1.625 billion
Scope: The project will involve the construction of Asia-Asia Hotel, the world's largest hotel that will form the centrepiece of the development, providing 6,500 rooms of which 5,100 will be four-star and the remaining 1,400 will be five-star units.
Update: The project has been delayed by a year and will now be completed by 2011. The main construction contract award is expected by mid-2009.
Dubailand — Downtown — City of Arabia — Elite Towers — Masterplan
Owner: I & M Galadari Group
Budget: $1.525 billion
Scope: The package will involve the construction of 34 residential, commercial and mixed-use towers. It will include four 60-storey buildings (providing offices and serviced apartments including a hotel); 20 45-storey buildings (providing mixed-use facilities like residential and commercial space with a maximum of 240 apartments); as well as 10 30-storey buildings (providing residential apartments, with a maximum of 200 apartments). Each building will have three floors of car parking facilities. The project will be located adjacent to Global Village opposite Emirates Road in Dubai.
Update: The main contract is still to be awarded.
Dubailand — Mixed-use Development
Owner: Omniyat Properties
Budget: $1.413 billion
Scope: The project calls for the design and construction of five mixed-use development towers which will form a part of Dubailand scheme. The project will comprise residential and commercial towers, five- and four-star hotels and shopping outlets. The project will cover an area of 2.7 million sq ft.
Update: The project is still in the planning stage.
Oqyana World First Development — Masterplan
Owner: Efad Holding
Budget: $1.39 billion
Scope: The project involves the construction of 20 reclaimed man-made islands extended over a total area of 1,869,021 sq m with a total upland islands’ area of 417,288 sq m. The development is located 4 km from the coast of Dubai and will entail the construction of 1,910 residential waterfront units including 1,500 apartments with full sea views, 90 water homes, 170 canal homes and approximately 150 beachfront mansions. It will also include the construction of two luxury hotels and a spa resort. The name was derived from the Arabic word meaning “Oceanic”. As a part of the development, a central marina will also be constructed with more than 1,500 private yacht berths. It is estimated that the development will house 10,000 to 15,000 people.
Update: The project has been put on hold.
Meydan City — Horse Racing City — Grandstand
Owner: Meydan
Budget: $1.3 billion
Scope: The project calls for the design and construction of a grandstand with a capacity of 60,000. The total built-up area of the Meydan development in Nad Al Sheba is 76 million sq ft.
Update: Meydan has cancelled the main construction contract with the joint venture Arabtec Construction and Malaysia’s WCT. The project will be re-tendered.
The Palm Jumeirah Development — Village Centre development
Owner: Nakheel
Budget: $1.1 billion
Scope: The project calls for the design and construction of a four-storey retail centre and two 42-storey residential towers that will be situated on the trunk of the Palm Jumeirah. The retail area will cover an area of 120,000 sq m and the residential area will cover an area of 150,000 sq m.
Update: Samsung Corporation has been awarded main construction contract.
Dubailand — Remraam Project — Phase One
Owner: Mizin
Budget: $1.087 billion
Scope: The project calls for the design and construction of seven-storey low-rise buildings offering 2,090 units which will form a part of Remraam Project within Dubailand scheme. The project will include parks, swimming pools, gym and health clubs, sauna and steam rooms, tennis and basketball courts, walking paths, kids' playing areas and open spaces for recreation.
Update: Mizin has signed an agreement with Rakbank to provide financial services and benefit to customers or investors on project.
The World Development — Coral Island
Owner: Nakheel
Budget: $997 million
Scope: The project calls for the design and construction an area of 730,000 sq m located on 20 connected islands. The project will create 9.5 km of beachfront and will be constructed in three main elements which are marina village, specialist spa hotel, and residential development. The project will also include the associated facilities.
Update: The project has been put on hold.
Burj Dubai Development — Main Tower Building
Owner: Emaar Properties
Budget: $875 million
Scope: The scope of work includes the construction of a 189-storey building that will offer residential apartments, offices and a hotel. The building will be the tallest in the world. Hotel facilities will occupy the first 37 floors; residential apartments will be located from floors 45 to 100; while office facilities will occupy floors 112 to 189. The Giorgio Armani hotel, located within the main tower building, will have a built-up area of 40,000 sq m and will comprise 175 rooms, suites as well as 160 luxury apartments, restaurants and a spa.
Update: The tower is now at 780 m high. Cladding work is in the completion stage and work on the interiors is progressing.
Jumeirah Village Development — Plaza Mayor
Owner: Makaseb Holding — Ta’sees — Ishraqah
Budget: $818 million
Scope: The project involves the construction of four towers with European and Arabic cultural influences situated at the Jumeirah Village Development. Each tower will have a four-level five-star hotel and 45 storeys dedicated to office space. The project will have a total built-up area of 300,000 sq m.
Update: The project has been cancelled.
Zayed University Campus — Abu Dhabi
Owner: Mubadala Development Company
Budget: $817 million
Scope: The project will involve the construction of an integrated university campus located at the new Khalifa City, near Abu Dhabi International Airport. The facility will cater for approximately 6,000 students and cover an area of the development is 75 hectares with a total built-up area of 200,000 sq m.
Update: Al Habtoor Engineering Enterprises Company and Murray & Roberts Contractors have signed an agreement with Abu Dhabi Islamic Bank (ADIB) to provide financial services for the project. Construction work is expected to be completed by the end of 2011.
Dubailand — Remraam Project — Package One (Residential)
Owner: Mizin
Budget: $815 million
Scope: The project calls for the design and construction of 100 apartment buildings, which will form part of Remraam Project within the Dubailand scheme. The project will comprise low-rise building ranging from four to seven storeys and will offer a total built-up area of 650,000 sq m.
Update: Mizin has signed agreement with Rakbank to provide financial services and benefit to customers or investors on project.
The Palm Jebel Ali Development — Luxury Development
Owner: Azizi Investments
Budget: $815 million
Scope: The project calls for the design and construction of luxury developments – Azizi Diamond, Azizi Fontanne, Azizi Crystal and Azizi Platine on Crescent A, and Azizi Onyx – on Crescent E located at the Palm Jebel Ali Development. The project will offer a total built-up area of 57,000 sq m.
Update: Construction work on Crescent A is scheduled to commence by April. The project will require two years to complete.
