Projects in the Gulf
01 March 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 new 12-sq-km island north of Bahrain airport in the Muharraq region. The development will include 30,000 residential units, abundant landscaping, a number of international five-star hotels, a large shopping mall, car parks, a business district and a light logistic and support area.
Update: Dredging and reclamation work for the second phase of Diyar Al Muharraq project has been started by the joint venture of 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; one 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 covers 579,000 sq m alongside the coast of Manama.
Update: Diyar Al Bahrain has launched Conrad Hotel within Reef Island, which is expected to be completed in 2011.
Diyar Al Muharraq — Phase One — Dredging and 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-use development. The project will be located north of Bahrain airport in the Muharraq region.
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 at Reef Island. The hotel will include 250 guest rooms and 50 apartments as well as shopping outlets, fitness facilities, a swimming pool and a health club.
Update: Diyar Al Bahrain has launched Conrad Hotel within 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 off the coast of Muharraq. Four buildings will comprise residential units, providing 300 apartments and 94 townhouses in total. The other two buildings will offer hotels with 144 rooms in total. The hotels will also include restaurants, commercial outlets, swimming pools, gymnasiums and a private beach.
Update: Sources close to the project indicated that the construction 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. It will include a 412-m-high commercial tower of 77-storeys, a seven-storey shopping mall with cinemas, a coffee shop and entertainment facilities. The scope of work also includes an 11-storey car-park building covering 7,000 sq m.
Update: Construction work is going on and expected to be completed as scheduled.
KMPW — First Ring Road Upgrade — Phase Two
Owner: Kuwait Ministry of Public Works (MPW)
Budget: $200 million
Scope: The project calls for the design, construction and upgrade of the section between Dasman and Abdullah Al Ahmed streets to expressway status. The project also includes the upgrade of interchanges, road widening and tunnelling as well as stormwater drainage.
Update: Tender documents for the main contract are expected to be issued in April 2009.
Subiya Expressway — Phase Three
Owner: MPW
Budget: $160 million
Scope: The third phase will involve the upgrade 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: Construction work on the third phase of Subiya Expressway is expected to start shortly.
Subiya Expressway — Phase One
Owner: MPW
Budget: $88 million
Scope: The first phase involves the upgrading and construction of the first 22 km of the 72km Jahra-Subiya expressway. The package will cover the stretch from Jahra. The project was initiated to reduce travelling time to the planned new city at Subiya and new Bubiyan port.
Update: Construction work is expected to be completed by the end of 2009.
Subiya Expressway — Phase Two
Owner: MPW
Budget: $84 million
Scope: The second phase involves the upgrading and construction of a further 23 km of the 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 expected to be finished by 2009-end.
Oman
Al Madina Al Zarqa (Blue City) Development — Masterplan
Owner: Al Sawadi Investment and 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 feature 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 a 35 sq km site 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 and Tourism Company
Budget: $1.9 billion
Scope: The project calls for the design and construction of the 2.2 sq km first phase of Al Madina Al Zarqa city. The project will include 5,500 residential units, three five-star hotel, 18-hole golf course, shopping complex and entertainment centers.
Update: Construction work is ongoing and expected to be completed by the end of 2010.
Court Complex in Muscat
Owner: Oman Ministry of Justice
Budget: $45 million
Scope: The project calls for the design and construction of a new court complex in Muscat.
Update: Re-tendered bids for the main construction package have to be submitted on March 2.
Qatar
Qatar Railway Network
Owner: Qatar Ministry of Communications and Transport
Budget: $3 billion
Scope: The project calls for design and execution of a 85-km railway network in Qatar. The national rail scheme will 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, 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 indicated that the construction is expected to start in 2009 with completion in 2015.
Qatar-Bahrain Causeway (Friendship Bridge)
Owner: Qatar Government-Bahrain Government JV
Budget: $3 billion.
Scope: The project will involve the construction of 40 km double-lane causeway between Qatar and Bahrain. It will include bridge structures across 20 km and another 20 km of embankments. It will start at Askar Village in Bahrain and end at Ras Ashiraj, 5 km from Zubarah in Qatar. The project will also include 17,000 sq m land area for buildings and 600,000 sq m land for green areas.
Update: Construction delayed from January 2009 to August 2009. The delay was due to update of the scope, which is now to incorporate provisions for passenger and freight rail tracks. Construction will take five years to complete.
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 a height of 400 m and will consist of 104 storeys providing hotel facilities, apartments, parking area for 4,000 vehicles and some retail units. The convention centre will have a built-up area of 100,000 sq m.
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 will consist of 104 storeys providing hotel facilities, apartments, parking area for 4,000 vehicles and some retail units. The tower will cover a built-up area of 180,000 sq m.
Update: Bids submission date for the project was delayed till mid-February.
Grand Hyatt Hotel & Villas
Owner: Touristic Investment Company
Budget: $150 million
Scope: The project 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. The project covers an area of 93,000 sq m.
Update: Construction work is expected to be completed shortly.
Saudi Arabia
King Abdullah Economic City
Owner: Emaar Economic City Company
Budget: $92.912 billion
Scope: The project calls for the development of an integrated city covering an area of 168 million sq m along the Red Sea between Jeddah and Rabigh. It will include a seaport over 14 million sq m with a capacity to handle 300,000 pilgrims; an industrial district over 63 million sq m — Phase One will cover 6.24 million sq m; a 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; educational zone including multi-university campus, which will 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 transportation system. The railway 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 full network will also include a line from Turkey all the way south along the Red Sea to Yemen passing through Syria, Lebanon, Jordan and Saudi Arabia. The proposed full network is 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 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 Makkah and Madinah, passing through the Western port cities of Jeddah and Rabigh. It will be given on a design-build-and-operate and transfer (DBOT) basis for 50 years. The scheme will have six stations: near the Holy Mosque in Makkah; Makkah outskirts; Jeddah airport; Jeddah city centre; Rabigh; and 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, mainly to accommodate pilgrims. It will be a high-speed mass transit system and carry approximately 2.5 million pilgrims during Haj and 7.5 million Umrah visitors during the year, including approximately two million Umrah visitors during Ramadan. It will also carry heavy commuter traffic between Makkah and Jeddah. The concessionaire is responsible for the design, financing, construction and operation and will have the freedom to adopt suitable design and construction techniques. The development also includes setting up of signalling and control systems.
Update: Financial offers for the railway project will be opened this month.
Rehabilitation Centres for Prisoners
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 to be located in Riyadh, Jeddah, Madinah, Taif, Baha, Dammam and Jouf. Each centre will cover an area of 4 million sq m with 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, covering 500,000 sq m, calls for design and construction of two towers in Jeddah. Tower One will be a mixed-use facility of 80 floors and tower Two will have 20 floors for offices.
Update: The development has been put on hold with no expected time 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 12 buildings of up to 10 storeys height and 403 villas. The total built-up area of the development is about 400,000 sq m.
Update: Al Rashid Trading and Contracting Company has been awarded the main contract.
Ghurnata Complex in Riyadh
Owner: General Organisation for Social Insurance (Gosi)
Budget: $410 million
Scope: The project calls for the design and construction of a residential and commercial complex in the Ghurnata area in Riyadh. It will include 10 buildings of four to 20 storeys. The development will cover an area of 140,000 sq m and have a total built-up area of 135,000 sq m. The scope of work also includes a convention centre and landscaping work.
Update: Main construction contract is expected within two weeks.
King Khalid University (KKU) City in Abha — Phase Two — Medical Complex
Owner: King Khalid University (KKU)
Budget: $400 million
Scope: The project calls for the design and construction of a medical complex, which will have 12 medical colleges and a six-storey hospital building in the King Khalid University (KKU) City, Abha. The hospital will have 800 beds.
Update: The client had invited contractor companies to submit their bids by February 14 for the main contract.
Ewan — Al Farideh Project in Jeddah
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 by June.
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 development at Suwaidi, south of Riyadh. The scope of work includes 4,000 villas and commercial utilities (including offices and four- or five-storey buildings). The total built-up 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. It covers an area of 1.85 million sq m.
Update: The project will be re-tendered with some changes in the design.
800 Residential Units in Jubail
Owner: 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.
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 covering 88 sq km, located between Al Khail Road and Emirates Road in Dubai. It will comprise four main clusters themed around wisdom, humanity, nature and commerce.
Update: Tenders for the infrastructure package, expected by March 30, 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-high, 200-storey mixed-use tower located on the proposed Arabian Canal next to Ibn Battuta Mall and Jumeirah islands. Covering an area of 2.7 km, it will comprise four individual towers within a single structure. 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 to accommodate up to 250,000 people, within the Dubai World Central (Jebel Ali Airport City) development scheme. In addition, 20,000 people will work in the city, which will be developed in three phases. The city will include three hotels (five-star, four-star and three-star properties), a shopping mall, a combination of two-storey villas and luxury apartments in blocks reaching up to 24 storeys in height with plot sizes ranging from 2,200 sq m to around 12,000 sq m.
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. There will be eight zones with their own themes, 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, which will house a variety of businesses expected to employ around 130,000 people. The scope of work also includes construction of 25 hotels ranging from deluxe to three, four, and five stars.
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: $22.915 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, a concert hall and maritime history centre (Black Pearls), three harbours and a 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 have a built-up area of approximately 1,800 hectares.
Update: Abu Dhabi National Hotels Company (ADNH) had 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: a 150-m-wide and 6-m-deep man-made canal extending 75 km. The Arabian 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 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 largest convention centre of the UAE. 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 is to be built in two phases.
Update: One Zaabeel 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. It is 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 marine or air transport, and feature world-class marinas to berth boats, yachts and cruise liners. Two mainland marinas will service The World and four hub islands in The World will service the islands. 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 the International Humanitarian City project within the Dubai World Central development scheme. It will comprise 28 warehouses, seven offices buildings and a UN building.
Update: Main construction contract has 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 located next to Arabian Ranches and right next door to the golf courses of Golf City. It will be developed in two phases: Phase One will comprise seven-storey low-rise buildings offering 2,090 units. The project, covering an area of approximately 5.23 million sq ft, will include parks, swimming pools, a 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 facilities, shopping malls, boutique malls, street shopping and an underground shopping area which will form a part of the Dubailand development scheme. The project will also include the associated facilities.
Update: The project is still in the very early stage with some studies still to be performed.
Meydan City — Horse Racing City — Masterplan
Owner: Meydan
Budget: $2.1 billion
Scope: To be developed around the existing racecourse at Nad Al Sheba, the horse racing city will include a 1,750-m dirt and a 2,400 m turf race track, new stables and training tracks, receiving barns and a Godolphin gallery and museum. It will include 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 and a four-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. T
Update: Meydan has cancelled the main construction contract with the joint venture Arabtec Construction and Malaysia's WCT. The project will be re-tendered.
Sama Al Jadaf Community — Al Jadaf area
Owner: Bonyan International Investment Group
Budget: $1.9 billion
Scope: The project calls for the design and construction of a mixed-use development located at Al Jadaf area in Dubai. It will comprise 135 plots providing residential, commercial and hospitality area and associated facilities.
Update: The project has been put on hold.
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 area of 3.5 million sq m to be located between Interchange 5 and 6 on the Sheikh Zayed Road, adjacent to the Jumeirah Island development.
Update: The project’s 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 of44-storey twin towers with a total built-up area of 1.297 million sq ft, which will form a part of Dubai Waterfront Development scheme. The Pershing Luxury Beach Residence will have 41 storeys, apart from individual retail units on the ground floor of each tower.
Update: The project is expected to be completed 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 is expected to be awarded by the middle of this year.
Dubailand — Downtown — City of Arabia — Elite Towers — Masterplan
Owner: I & M Galadari Group
Budget: $1.525 billion
Scope: The City of Arabia will involve the construction of 34 residential-, commercial- and mixed-use towers located adjacent to Global Village opposite Emirates Road in Dubai. 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.
Update: The main contract has 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. It will comprise residential and commercial towers, four- and five-star hotels and shopping outlets and 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 man-made islands extending over a total area of 1.869 million sq m with a total upland islands’ area of 417,288 sq m. Located 4 km from the coast of Dubai, the development will entail the construction of 1,910 residential waterfront units including 1,500 seaview apartments, 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. As 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 10,000-15,000 people.
Update: The project has been put on hold.
Gianfranco Ferre Stresa Project — Dubai
Owner: Galadari Investment Office (GIO) — Gianfranco Ferré JV
Budget: $1.2 billion
Scope: The project calls for the design and construction of mixed-use development located in Dubai. The project will comprise commercial, residential and hospitality area and associated facilities.
Update: The project is still in the very early stage with some studies still need to be performed before work can commence.
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 the 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 buildings offering 2,090 units, which will form a part of Remraam Project within Dubailand scheme. It will include parks, swimming pools, gym and health clubs, sauna and steam rooms, tennis and basketball courts, walking paths, kids’ playing areas and open recreational spaces.
Update: Mizin has signed agreement with Rakbank to provide financial services to customers or investors on project.
Dubai World Trade Centre (DWTC) Redevelopment Scheme — Hard Rock Hotel
Owner: Hard Rock International
Budget: $1 billion
Scope: The project calls for the design and construction of a 91-storey five-star luxury hotel, which will form part of the Dubai World Trade Centre (DWTC) redevelopment scheme. The project will comprise 350 hotel rooms and suites, 100 serviced apartments, commercial offices and retail area.
Update: The project is still in the design stage.
The World Development — Coral Island
Owner: Nakheel
Budget: $997 million
Scope: The project calls for the design and construction of an area of 730,000 sq m located on 20 connected islands, creating 9.5 km of beachfront. It will be comprise three main elements – the marina village, specialist spa hotel, and residential development – and include 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 705-m high, a 189-storey building that will offer residential apartments, offices and a hotel. This building, now the tallest building in the world, features hotel facilities on the first 37 floors, residential apartments from floors 45 to 100, while office facilities will occupy from floors 112 to 189. The Giorgio Armani hotel, which will be 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 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 of 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 new Khalifa City, near Abu Dhabi International Airport. The facility, covering an area of 75 hectares, will cater for approximately 6,000 students and have 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 to provide financial services on 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. It will comprise low-rise building ranging from four to seven storeys with a total built-up area of 650,000 sq m.
Update: Mizin has signed agreement with Rakbank to provide financial services 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, which include the 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 have a total built-up area of 57,000 sq m.
Update: Construction work on Crescent A is scheduled to commence in April. The project would require two years for completion. The concept design of Azizi Crystal at Crescent A of the Palm received approval in December 2008.
