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Article: Fresh prices in for Asab housing.(UAE)(Abu Dhabi Company for Onshore Oil Operations awarded contract to Al-Geemi & Partners Contracting Co.)(Brief Article)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- April 15, 2005
CopyrightCOPYRIGHT 2005 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Abu Dhabi Company for Onshore Oil Operations (Adco) has recommended the award of the contract to build new clusters and services facilities at Asab to the local Al-Geemi & Partners Contracting, which submitted the low bid of AED 158 million ($43 million). Six companies took part in the repricing exercise in early April. Al-Geemi was followed by the local Al-Hamed Development & Construction, at AED 167 million ($45 million). The contract was retendered after prices submitted in the original round of bidding held in mid-2004 came in above budget. The 26-month contract calls for the construction of six clusters, ...