Leighton wins $550m Saadiyat infrastructure deal
Abu Dhabi, September 10, 2007
Tourism Development & Investment Company (TDIC), the asset development arm of the Abu Dhabi Tourism Authority (ADTA), has awarded a $550 million (Dh2.1 billion) infrastructure construction contract for the 27 sq km Saadiyat Island to Leighton International, part of Australia’s Leighton Group.
The award includes the construction of the 6.5 km Saadiyat Link road which will connect the Shahama district to Saadiyat Island, transverse the island and connect to the 10-lane Saadiyat Bridge which is already under construction from Abu Dhabi’s Mina Zayed area.
Construction of the Saadiyat Link, which includes five lanes in each direction, is to commence later this month with completion due in September 2009.
“Leighton International was selected in a competitive bid after demonstrating long-term commitment to Abu Dhabi and the wider region in terms of investment,” said Mubarak Al Muhairi, director general ADTA and managing director TDIC.
“The contract represents one of the largest-scale civil infrastructure projects to be undertaken in the UAE capital and Leighton International clearly established its credentials as one of Asia and Arabian Gulf leading construction contractors with the financial resources and industry expertise to undertake a project of this scale.”
Apart from the Saadiyat Link road, the contract covers associated side roads; the main feeder road to the upmarket Saadiyat Beach district providing easy access to the planned five-star resorts and golf course; seven bridges with a total deck length of 1.6 km; three tunnels; 10.7 km of storm water drainage; 22.3 km of sewerage systems; a 30-km potable water network with a ground storage tank and pump station; various mechanical and electrical works; and installation of all utilities required to service Saadiyat Link and the Saadiyat Beach district including all hotels, residential developments and road systems.
Infrastructure works on Saadiyat Island are moving ahead with 10 per cent of the main Saadiyat Bridge complete under a $183.8 million contract award to a joint venture between German project construction powerhouse ED Zublin AG and the UAE’s Saif Bin Darwish. It too is due for completion in summer 2009.
“When complete, these two major infrastructure developments will result in a 15-minute fast-track access from Abu Dhabi International Airport to Saadiyat Island and will link through to the Mina Zayed area,” said Lee Tabler, CEO, TDIC. “The construction work which will shortly commence will be a visible demonstration of our commitment to ensure the timely delivery of this unique destination.”
Enabling works on Saadiyat Island began earlier this year, following a $35 million contract award to Abu Dhabi’s Al Jaber Group, which runs one of the UAE’s largest contracting companies, and are due for completion by the year end. Belgium’s Jan De Nul has completed 20 per cent of the $222 million bulk earth filling contract.
Saadiyat Island is being transformed into a world-class leisure, residential and cultural destination. The island, which the Wall Street Journal named one of the world’s top 10 emerging ‘trendy’ destinations, will have the world’s largest single cluster of world-class cultural assets including the Guggenheim Abu Dhabi contemporary art museum and the Louvre Abu Dhabi universal museum. As well as a number of five-star resorts, the island will also feature a Gary Player signature championship golf course – the Arabian Gulf’s first ‘ocean’ course.
The transformation of Saadiyat Island into a signature international destination is TDIC’s flagship project with development scheduled in three phases until completion in 2018. - TradeArabia News Service
More Construction & Real Estate Stories
- Emaar rules out plans for new tall tower
- Barwa net profit surges 27.3pc
- RAK Properties adds new villas to Flamingo project
- Saudi launches housing scheme to ease shortage
- R&M wins Oman residential project contract
- Asian skyscraper prices tower over rest of the world
- Tamleek opens new office in Dubai
- $29m allocated for Bahrain drainage projects
- Indian group plans $300m Bahrain Bay investment
- Drake and Scull awards key supply contract
- FCC wins $702m Doha metro line contract
- SPF Realty sees Dubai project success
- Abu Dhabi set for big property show
- Aldar working on $1.5bn UAE housing projects
- Gulf Finance House to start $3bn Tunisia project
- Abu Dhabi to see 10pc surge in new homes
- Saudi construction sector booming on new contracts
- Emaar offers 330 apartments in MBR City
- Dubai Design District sees big demand
- HUGE DEAL: Arabtec inks $40bn Egypt housing project
- Galfar ex-CEO gets 15 years' jail over bribes
- $32m BFH car park work underway
- Bahrain awards $5.8m project tenders
- Spinneys to set up distribution centre at Kizad
- Dubai unveils $300m hitech 'green' city project
- Deyaar plans $245m Dubai complex
- IFA unveils $272m Dubai mixed-use project
- CBRE tops Fortune’s most admired firms list
- Kuwait's real estate sales hit $1.1bn in Jan
- Dubai RTA awards $27m roads contract