Bids for Ajman project to be invited in next two months
Main construction package on phase 1 of US $735 million development will be up for grabs
Contractors will be invited to bid for the main construction package on Aqaar’s US $735 million (AED2.7 billion) Ajman 1 development, within the next two months.
Ajman Investment and Development Authority (AIDA) has formed a new semi-governmental company — Aqaar — to develop new projects in Ajman, including Ajman 1.
UAE based National Engineering Bureau (NEB) is the designer and consultant on the project. Construction of Ajman 1 is expected to start in January 2007 and will be completed by mid-2009.
Speaking to Construction Week, Jamil Jadallah, director, NEB said: “We are looking for contractors who will be able to undertake this massive project. We will invite bids for the main construction package within the next two months. We have already tendered for the piling work, which will start next month.”
Ajman 1, which will be at the entrance of the emirate’s coast road after leaving the Coral Beach roundabout in Sharjah, will be developed in two phases, with construction due to begin in the first quarter of next year. The 72,000m² plot will consist of residential and commercial buildings along with a hotel and lifestyle facilities.
“The project is divided into two phases with phase one having a value of around $463 million,” added Jadallah.
“Both phases will run simultaneously, enabling the entire project to be ready by mid- 2009.”
Phase 1 will consist of 12 residential 26-32 storey towers offering a combination of studio, one, two and three bedroom apartments that will eventually be home to 6000 residents.
Phase 2 will concentrate on the construction of a world-class hotel to be managed by an international operator, one freehold commercial tower, serviced apartments and a tower for leased apartments.
Masterplanned to take full advantage of its proximity to Ajman’s beachfront, the project has been strategically positioned only 20 minutes away from Dubai International Airport (DIA).