Simplex signs Queue Point LOI

Indian construction company, Simplex Infrastructure, is tipped to win a US $87 million (AED320 million) contract from Kuwaiti developer Al Mazaya Real Estate to design and build its latest mixed-use development in the UAE.

The US $87 million package comprises the design and construction of seven buildings, with the potential of winning a further contract.
The US $87 million package comprises the design and construction of seven buildings, with the potential of winning a further contract.

Indian construction company, Simplex Infrastructure, is tipped to win a US $87 million (AED320 million) contract from Kuwaiti developer Al Mazaya Real Estate to design and build its latest mixed-use development in the UAE.

A letter of intent has already been signed, with the contract expected to be awarded within the next month.

The package involves the design and construction of seven buildings on a project called Queue Point in Liwan, near the Emirates Road and Al Ain intersection, with the possibility of an additional contract.

All the buildings are low rise, ranging from five to 14 storeys.

Speaking to Construction Week, Ani Ray, country director, Simplex Infrastructure, said: "We have already signed the letter of intent and are waiting to sign the contract. Since it is a design and build contract, we have to wait for the design to be finalised before we can obtain the building permit from the municipality. We're expecting the first set of designs to be ready by the end of June.

"The client has also told us that if we do a good job on these buildings, they will give us the complete job, which will include around 20 buildings, meaning the contract would be worth around US $272 million (AED1 billion)."

The National Engineering Bureau is the consultant.

"We have given them the letter of intent and are expecting to award the contract very soon," said Fathi Damiri, vice president, Al Mazaya Real Estate.

"Construction is expected to start by the end of this month, with the job being completed within 16 months. The buildings are not high rise, so there isn't going to be a piling contract."

Al Mazaya Real Estate is a subsidiary of Kuwaiti shareholding company, Al Mazaya Holding. The company recently awarded a $220 million contract to General Construction Company for the construction of three buildings in Jumeirah Lake Towers.

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