Renaissance Services awards US$ 150 mn Duqm SEZ contracts
Posted on 7th July 2014
Renaissance Services has awarded construction contracts worth US$ 150 million (OMR 75 million) to four local contractors to develop the first phase of a project to provide accommodation for workers in the Duqm Special Economic Zone (SEZAD).
The firm appointed PWA and Centre Point Engineering to carry out the design work for a Permanant Accommodation for Contractors facility providing up to 16,000 beds for workers, last year.
Fourteen firms submitted bids for different aspects, and seven were placed on a shortlist.It has subsequently recruited Deebaj for excavation and earthwords and an International Piling Experts/Geosol joint venture to carry out the piling. It has since completed 1,100 of the 1,600 piles required.
The firm has awarded two of the four main construction packages on a 50/50 split between Hajiry Trading (package 3A) and Services & Trade Company (package 3B) - part of the Sobha Group. The work will take two years to complete.
Renaissance Services said there is a further US$ 31.2 million (OMR 12 million) of work to be awarded within these packages, and that two more packages for a sewage treatment plant and electrical works will be tendered this year.
Renaissance CEO Stephen Thomas said: “We have run a professional, fair and transparent competitive tender process. When Renaissance puts out a tender, the contracting community knows they are competing on a level playing field for a worthwhile opportunity. The lowest technically competent and compliant bid will always win.”
He added that the frim currently has US$ 1.9 billion of assets on its books but by the time its Duqm project completes this will reach US$2.4 billion. The firm also said that it is offering the opportunity to local community investors and Omani pension funds to invest in the development of facilities at SEZAD.
The accommodation is being provided for workers who will be based at the Special Economic Zone beinig built around the redeveloped port at DuqmBack to all Construction News
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