Mubadala Development Company has awarded Oger Abu Dhabi a Dh1.5 billion ($408 million) construction package for UAE University’s new campus development in the city of Al Ain.

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.
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 statement.
“This constitutes another important milestone in the project as we continue with the construction phase. All companies submitted attractive and competitive offers,” said Waleed Al Mokarrab Al Muhairi, chief operating officer of Mubadala Development.
“The competition was very close, but Oger Abu Dhabi emerged as the best value proposal,” he added.
“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.