Friday, June 01, 2007

More Construction firms required for building Dh.26b residences in Abu Dhabi

Abu Dhabi is on the look out for construction companies to construct a Dh.26billion residential tower block development to house 50,000 people.

The Mohammad Bin Zayed City Project comprises 347 residence units that are divided into five sectors.

The KEO International Consultants, CEO, Donna Sultan, said that they will be advertising for the pre-qualification process in a month’s time, and the design period will take up-to one year.

The project is due for completion by 2011-12.

Abu Dhabi is already in the process of undergoing a major real estate development, with premier master-planned islands and neighbourhoods that are intended to transform the UAE capital into a major tourist destination.

The total value of projects already announced has touched the Dh.1.83 trillion mark, that include the Dh.35 billion Al Reem Islands, Dh.58 billion Al Raha Beach Development, Dh.100 billion Saadiyat Islands and Dh.43 billion Das Islands.

Mohammad Bin Zayed City is expected to be one among the major real estate projects that would be of considerable help in the expansion plans of the city, and could help accommodate more residents.

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