UAE’s Al Jaber Group vying for $2.65 bn construction deal

UAE’s Al Jaber Group vying for $2.65 bn construction deal

Motorway project will connect Abu Dhabi with Saudi border.

May 25, 2010 9:33 by Katherine Azmeh

Abu Dhabi’s Al Jaber Group expects soon to learn whether it has won the construction contract to build the UAE’s largest road project of its kind to date, worth an estimated $2.65 billion, the National reported Tuesday. The roadway project will construct a motorway between Abu Dhabi and the Saudi border.

Al Jaber is one of three groups vying for the contract to construct the 327km Mafraq-Ghweifat road link. It is described as one of the largest public-private partnerships being undertaken in the Middle East. Al Jaber’s tender represents a joint venture with UAE-based Belhasa, a Belgian team, and Australia’s Macquarie Capital Group, the National said.

Fatima al Jaber, the chief operating officer of Al Jaber Group said, “We have submitted our price and have been negotiating; we hope to hear before July,” according to the report.