Hill in $3.3m deal to manage project in Masdar City
Contract will see consultancy supervise construction of 103,000sqm mixed-use project for Masdar Institute Neighbourhood
Hill International, the construction risk management giant, has been awarded a $3.3 million contract to provide project management services during the construction of the Masdar Institute Neighbourhood, a development within Masdar City in Abu Dhabi.
Masdar, Abu Dhabi’s renewable energy company, is developing Masdar City to be a global hub for renewable energy and clean technologies. The free zone also offers benefits to registered companies, such as 100% foreign ownership, zero tax and zero import tariffs.
“Masdar City is a model for sustainable urban development not just regionally but globally,” said Mohammed Al Rais, the regional president (Middle East) for Hill’s Project Management Group, about the three-year contract win.
“We are extremely proud to have been selected to help Masdar deliver this important project,” he added.
Spread across more than 103,000sqm, Masdar Institute Neighbourhood is a mixed-use development that will provide residential and commercial resources to people and companies located within Masdar City.
The development will feature a commercial office building, two residential buildings, underground parking and a plaza. It has been designed to achieve a ‘three-pearl’ Estidama rating, while also achieving a LEED Gold Certification.
Last year, Masdar City outlined a five-year expansion plan that would include the construction of 2,000 homes and a research hub.
Anthony Mallows, Executive Director of Masdar City, said at the time that all available space within existing and under-construction buildings were fully leased.
“Around 35 per cent of the planned built-up area will be completed over the next five years — up from 5 per cent today — and nearly 30 per cent has been committed to, including private homes, schools, hotels and more office space,” he was quoted as saying by Gulf News.
