Oger Abu Dhabi wins $408m UAE University
Development Company today announced the selection of Oger Abu
Dhabi for the Dh1.5 billion ($408 million) construction package
of UAE University’s new campus development in the city of Al Ain.
Al Hikma Development Company, a subsidiary of Mubadala
Development, is mandated to develop and deliver the new campus
on a BOOT (Build Own Operate and Transfer) basis.
Oger Abu Dhabi was selected following a detailed evaluation
process carried out by Al Hikma Development Company. Its
proposal for the package was evaluated as more competitive in
terms of technical and long-term commercial value than the four
other bidders – Al Habtoor, CCC, ACC and Arabtech, said a
“This constitutes another important milestone in the project as
we continue with the construction phase. All companies submitted
attractive and competitive offers. The competition was very
close, but Oger Abu Dhabi LLC emerged as the best value
proposal,” said Waleed Al Mokarrab Al Muhairi, chief operating
officer of Mubadala Development.
“We are pleased with the progress to date and happy to finally
see the commencement of the construction for the new campus. We
are one step closer to achieving our goal of having a state of
the art campus that will address all of the university’s current
and future needs,” said Dr Hadef Bin Jouan Al-Dhaheri, vice
chancellor of the UAE University.
The new campus will feature approximately 290,000 sq m of
state-of-the-art teaching and recreational facilities, including
accommodation for students and university staff. It will be
built over a period of four years at the Al Maqam site in Al Ain,
with the first phase scheduled to be completed in mid 2008.
“In a highly competitive market, Oger Abu Dhabi is committed to
providing Mubadala Development with the highest quality and
distinctive services compliant with international standards,”
said Mohamad Fakhouri, general manager for Oger in the UAE.
“We are pleased to have appointed Oger Abu Dhabi for the
building package for all four phases.” said Rod Mathers, general
manager of Al Hikma Development Company.
Mubadala Development is a public joint stock company established
and wholly owned by the Government of the Emirate of Abu Dhabi.
Its mission is to invest in commercially-viable, strategic,
industrial and commercial partnerships.
The company manages a diversified portfolio of local, regional,
and international investments. International investments include
the Dutch fleet management giant LeasePlan Corporation (25 per
cent stake), and a stake in nine oil exploration blocks in
Libya. Stakes are also held in the Swiss aircraft and engine
services provider SR Technics (40 per cent), the Italian luxury
car manufacturer Ferrari (5 per cent), and Piaggio Aero
Industries (35 per cent).
In the UAE and wider Gulf region, Mubadala Development has
invested in, and developed, a number of leading projects
including the first GCC cross-border natural gas project,
Dolphin Energy (51 per cent majority stake), Aldar Properties,
National Central Cooling Company, Abu Dhabi Ship Building,
Imperial College London Diabetes Center in Abu Dhabi, Injazat
Data Systems, and the Mukhaizna Oil Field developments in Oman.
Mubadala Development has signed a joint development agreement
with Dubai Aluminum Company (DUBAL) to develop, construct, own
and operate a $6 billion world class green-field aluminium
smelter complex with 1.2-million tonnes capacity a year at the
Khalifa Port and Industrial Zone in Abu Dhabi.
Mubadala Development also prides itself on the creation of
numerous strategic alliances and associated projects. Current
alliance partners include Dubai Aluminum Company (DUBAL),
Rolls-Royce, and Shell.
Oger Abu Dhabi was established in 2003 as a subsidiary of Saudi
Oger Group of companies, a construction leader in the Middle
East, Africa, Europe & the GCC, to participate in the
construction growth that Abu Dhabi is witnessing. -TradeArabia