Energy City set to invite bids for second phase
Bids for the main construction package on the US $1 billion (AED3.67 billion) second phase of Qatar's Energy City are expected to be invited in August 2007
Bids for the main construction package on the US $1 billion (AED3.67 billion) second phase of Qatar’s Energy City are expected to be invited in August 2007.
“Construction on the infrastructure for the residential phase of Energy City Qatar will begin in the fourth quarter of 2007 and is due to be completed in 18 months,” said a company spokesperson.
Senior officials of Energy City Qatar have said that the residential component will be located within the massive Lusail development – which is located north of Doha – adjacent to the first phase of the project.
Esam Janahi, chairman, Energy City Qatar, said: “The State of Qatar today is a cynosure [centre of attention] of all eyes as the successful opening of the Doha Asian Games has catapulted Qatar as the foremost destination in the region. This is just another aspect of the dynamic progress Qatar is making towards emerging as an investment hub and leveraging on its natural resources.”
“Through the launch of phase two of Energy City Qatar, we are addressing the broader aspects of the concept and complementing it with another core element focusing on the social aspects of the project, which is to develop a unique residential environment designed to address the lifestyle needs, primarily of companies locating within the development,” he added.
Designed to accommodate up to 15,000 people, the residential community will consist of over 5,000 units spread over approximately 500,000m2.