| Country |
: |
UAE |
| Project Value |
: |
USD 1,140,000,000 |
| Sector |
: |
Real Estate | Mixed Development
Infrastructure | Land Reclamation |
|
Consultant |
: |
Foster and Partners
(Design) |
|
PMC |
: |
EC Harris
|
|
Contractors |
: |
Arabian Construction Company - UAE
(Construction and MEP works) |
Jv of Middle East Foundations Group and Mushrif Trading and Contracting Company
(Piling, excavation and de-watering) |
| Profile Type |
: |
Standalone Project
|
| Associated Projects |
: |
| Related Projects (2) |
|
Phase:
Construction - Execution
|
|
Completion: Dec 2012
|
|
|
|
| Owner |
: |
ALDAR PropertiesALDAR Properties - UAE
|
| Location |
: |
Airport Road, Abu Dhabi, UAE
|
| Contract Type |
: |
Construction |
| Facility Type |
: |
Mixed Development |
| Capacity |
: |
Built up area: 490,000 sq.m.
Retail area: 76,500 sq.m.
Office area: 72,000 sq.m.
Residential area: 83,000 sq.m. |
|
| Background |
ALDAR PropertiesALDAR Properties plans to re-develop Abu Dhabi's old Souq. The re-development will be known as Central Market.
The Central Market will have a total built up area of 490,000 sq.m. and will consist of 3 towers (commercial, residential and hospitality), an Arabian Souq, retail and food outlets, hotels and a sky park.
The Central Market will be developed in 3 phases. Phase 1 includes the Arabian Souk, phase 2 includes the Emporium Mall and Trust tower phase 3 includes the Domain residential tower and 2 hotels.
EC Harris is the PMC and Foster and PartnersFoster and Partners is the design consultant. |
| Expected Events |
| Schedule |
Contract Phase/Phase |
Description |
| Q3 2012 |
Completion | 4-star hotel expected to be completed | | Q3 2012 | Completion | Domain tower expectd to be completed | | Dec 2012 | Completion | Project expected to be completed
|
|
| Latest Events |
In May 2012, the construction of the project was ongoing and the Trust Tower was completed.
In Q3 2012, the 4-star hotel and the Domain Tower are expected to be completed.
In December 2012, the project including phase 3 is expected to be completed. |
| Previous Events |
In August 2010, phase 1 was completed.
In March 2010, 95% of phase 1 and 60% of phase 2 were completed.
In April 2008, the construction was delayed (reasons were not disclosed).
In February 2008, the construction contract (including MEP works) was awarded to the Arabian Construction Company (ACC)Arabian Construction Company (ACC) to build the Emporium shopping mall.
In September 2007, the construction contract (worth USD735 million) (including MEP works) was awarded to the Arabian Construction Company (ACC)Arabian Construction Company (ACC) to build the Central Market Towers.
In Q4 2006, the piling, excavation and de-watering works were completed by JV of Middle East Foundation Group and Mushrif ContractingMushrif Contracting.
In 2006, project was announced. |
| Scope of Work |
Construction of a 490,000 sq.m. mixed use development with a 76,500 sq.m. retail area, 72,000 sq.m. office space and 83,000 sq.m. residential space including:
- The Domain residential tower (88 storey)
- 55 storey and 16 storey hotels
- The Emporium (62,000 sq.m. , 59 storey office tower)
- The Arabian Souk (300 shops)
- 30,000 retail outlets
- Food courts
- Sky park
Land preparation that includes piling and excavation work as well as infrastructure works, road networks, electrical, water and telecommunication networks. |
| Related Projects |
|
| Project News |
|
|
| Schedule | Contract Phase/Phase | Description |
| 2006 |
Announcement | Project announced
|
| Q4 2006 |
Construction | Piling and excavation works completed
|
| Sep 2007 |
Construction | Contract awarded to ACC for the Central Market Towers
|
| Feb 2008 |
Construction | Contract awarded to ACC for the Emporium Mall
|
| Apr 2008 |
Construction | Construction delayed
|
| Aug 2010 |
Completion | Phase 1 completed
|
| May 2012 |
Completion | Trust tower completed
|
| Q3 2012 |
Completion | 4-star hotel expected to be completed | | | Completion | Domain tower expectd to be completed
|
| Dec 2012 |
Completion | Project expected to be completed
|
|
|
|
 |
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