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Article: Projects gather pace on Failaka Islands development; southern portion PMC awarded by Al-Mal Real Estate Company.(Kuwait)(project management consultancy)(Brief Article)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- November 5, 2004
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The $5,000 million development of Failaka island gathered pace in late October, with the award by the local Al-Mal Real Estate Company of the project management consultancy (PMC) contract for its planned resort on the southern portion of the island. Bidding is also under way at the Divided Zone Agreements & Kuwaiti Islands & Mega Projects Development Team (Dizart) for a larger project in the northern section.
The three-year PMC contract awarded by Al-Mal went to the local Projacs. The firm beat off competition from three other companies--the US' Turner Construction International, the local Engineering Systems Group (ESG) and the UK's DG Jones--for the contract, ...