Text size:

  • Small
  • Normal
  • Large
Visitors look at a model of the Al Maryah Island project during the Cityscape Abu Dhabi 2013. Ravindranath K / The National
Visitors look at a model of the Al Maryah Island project during the Cityscape Abu Dhabi 2013. Ravindranath K / The National

Three more bridges for Abu Dhabi’s financial free zone

Abu Dhabi's financial free zone is set to get three new bridges, including one that will carry a new light railway.

Abu Dhabiís financial free zone is set to get three new bridges, one of which will carry a light railway.

The state investment fund Mubadala has asked for expressions of interest from contractors to build the bridges connecting its new financial district, Al Maryah Island, with the rest of Abu Dhabi.

In a tender document published yesterday, Mubadala invited companies to express their interest in tendering to build bridges 4, 10 and 11 on the Broadway Malyan-designed Al Maryah masterplan.

Mubadala said that while one of the bridges would be used for the capitalís new light railway, the others would be conventional road bridges.

Currently Al Maryah, which earlier this year was announced as the site for Abu Dhabiís first financial free zone, is connected by three bridges. One lies next to Abu Dhabi Mall,† a second links with Reem Island, and the third is a service bridge that is currently closed to ordinary traffic.

Eventually Mubadala and Abu Dhabi Municipality plan to link the island to the rest of the capital via 13 bridges connecting the island with Abu Dhabi island and Reem island via a series of striking thoroughfares. Applicants hoping to build the three new bridges are asked to register their interest before 4pm on Tuesday.

Successful respondents with a track record of developing bridge schemes with a value in excess of Dh500 million will be asked to collect a pre-qualification invitation pack on July 9.

The news will come as yet another boost for the UAEís construction industry, which was hit hard by the global financial crisis and has been reaping the rewards of the capitalís Dh330bn government spending package.

Earlier this week the mechanical electrical and plumbing specialist Drake & Scull International said it had become the latest contractor to move staff from Dubai to cope with the increasing backlog of work it had in the capital.

In February, Arabtec, which is partly owned by Aabar Investments, said it had moved a significant amount of staff to the capital.

Key projects already awarded include the Abu Dhabi Midfield Terminal and the Louvre construction project. Contractors are vying to be awarded contracts on† costly new developments that include the Abu Dhabi Metro and the second phase of Etihad Rail.


lbarnard@thenational.ae

Back to the top

More articles


Editor's Picks

 Marina Square apartments Reem Island: Q1 2% rise. Studio - Dh65-68,000. 1BR - Dh75-95,000. 2BR - Dh110-145,000. 3BR - Dh170-190,000. Q1 2013-Q1 2014 no change. Sammy Dallal / The National

In pictures: Where Abu Dhabi rents have risen and fallen, Q1 2014

Find out how rental prices in the prime locations in Abu Dhabi have altered during the first three months of the year and the current rates you will pay according to data provided by Asteco.

 A Brabus Mercedes 6x6 Sports Utility Vehicle is readied for display during Auto China 2014 in Beijing, on April 20. Adrian Bradshaw / EPA

In pictures: Auto China 2014 exhibition

Leading automakers have gathered in Beijing for the kickoff of China’s biggest car show, but lacklustre growth and environmental restrictions in the world’s largest car market have thrown uncertainty into the mix. More than 1,100 vehicles are being showcased.

 The New York Stock Exchange. Rising interest rates will shift momentum away from bonds and back towards risk assets such as stocks. Richard Drew / AP Photo

Plan ahead for rising interest rates

It is now over five years since the majory central banks slashed interest rates to record low but that is all about to change. So, how will rising interest rates affect you?

 The Wind, Energy, Technology and Environment Exhibition takes place from April 14 to April 16. Above, the Dewa showroom during last year’s Wetex. Jaime Puebla / The National

April corporate and economic calendar for the UAE and overseas

From Cityscape to Wetex to stock-market holidays to nations reporting first-quarter GDP figures, here is our helpful calendar of April's business events in the UAE and internationally.

 The Greens, villas: Q1 no change. 3BR - Dh210-250,000. 4BR - Dh210-260,000. 5BR - Dh220-300,000. Q1 2013-Q1 2014 5% rise. Pawan Singh / The National

In pictures: Where Dubai rents have risen and fallen, Q1 2014

Find out how rental prices in the prime locations in Dubai have altered during the first three months of the year and the current rates you will pay according to data provided by Asteco.

 Get the latest information on credit cards, bank accounts and loan products in the UAE. Mark Lennihan / AP Photo

Rates report: Latest on UAE loans, accounts and credit cards

Souqamal.com brings you the latest interest rates on banking products in the UAE.

Events

To add your event to The National listings, click here

Get the most from The National