Wednesday, December 10, 2008

Construction giants vie for Nakheel Tower deal

TOWER DEAL: Three major construction players are vying for pre-construction contract for Nakheel's 1km-plus tower. (Supplied)

Al-Habtoor Leighton, Murray & Roberts and Al Naboodah Laing O’Rourke are among the contractors which have bid for the pre-construction phase of work on the 1 kilometre-plus tower planned by Nakheel.

The three construction firms confirmed to Arabian Business on Wednesday they placed bids before last week’s deadline for the contract which involves preliminary non-construction work on the mega-project including programme costing.

The master developer is expected to compile a shortlist of contractors by the end of the year before selecting one company by early 2009 to provide pre-construction services for the structure, which is planned to be the tallest tower in the world.

The pre-construction period is expected to last for around a year, with the tower developed over 10 years.

Nakheel chief executive Chris O’Donnell said last month funding for the $38.12 billion project, unveiled in October, would be secured by the sale of land around the tower to other developers.

The tower is part of the Nakheel Harbour & Tower development in Dubai, which will cover an area of 2.7km and be built alongside the proposed Arabian Canal.

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