Real estate and related financial markets and economy news from the Official News Agency of UAE.
ADAC in final discussions with preferred bidder for construction of Midfield Terminal Building
May 06, 2012
WAM Abu Dhabi, May 6th, 2012, Abu Dhabi Airports Company (ADAC) announced today the preferred bidder for the construction of the Midfield Terminal Building (MTB), with the consortium of CCC, TAV and Arabtec being selected.
ADAC is currently in discussions with the preferred bidder to finalize all details of the contract prior to its signing, and before officially announcing the winning contractor of the Midfield Terminal Building at the capital's airport in June this year.
The company released the tender to six prequalified groups of joint companies, and in November 2011 received all six proposals. In January 2012, ADAC announced it has received the approval from the Abu Dhabi Government for the expansion plans of Abu Dhabi International Airport. With this announcement today, the MTB is on-track to become the capital's aviation gateway in 2017.
The 700,000-square-meter terminal building is one of the key strategic infrastructure projects to be undertaken in Abu Dhabi, and will initially handle 30 million passengers per year. It is set to become the future home of Etihad Airways, the national airline of the UAE.
In light of the developments underway and planned for Abu Dhabi, the expansion and redevelopment of Abu Dhabi International Airport is aimed at delivering world-class aviation infrastructure to support the Emirate's long-term economic and tourism strategies that will underpin the Emirate's2030 vision in building a vibrant and diversified economy.
On this announcement, Chairman of ADAC, Khalifa Al Mazrouei said, "Abu Dhabi Airports Company is looking forward to the construction of the Midfield Terminal Building. By announcing the preferred bidder today, the company is on-track to deliver an efficient and sustainable aviation infrastructure, capable of catering to the growing air transport needs of the Emirate." "Abu Dhabi is experiencing remarkable development in the air transport sector and business and tourism industries that has positioned it as a hub for international commerce and travel. ADAC was established in 2006 to support this position and to spearhead the redevelopment of the Emirate's aviation infrastructure. To this end, it plays a key part in the Government of Abu Dhabi's Plan 2030, given that the estimated growth rates in tourism are expected to rise from 1.8 million visitors in 2010 to 2.7 million by 2013, and to 7.5 million by 2030. ADAC will ensure that the aviation infrastructure in the Emirate, from trained UAE Nationals to world-class facilities, is ready to support this opportunity," he added.