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Tue 24 Nov 2009 10:53 AM

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Abu Dhabi plans new mega sports stadium

Construction firms have until Dec 12 to submit preliminary bids for the 65,000 capacity stadium.

Abu Dhabi plans new mega sports stadium
SPORTS SPOT: Zayed Sport City Stadium is currently the largest stadium in Abu Dhabi.

Abu Dhabi is planning to build a new mega sports stadium to hold approximately 65,000 people, it was reported on Tuesday.

International construction companies have until December 12 to submit preliminary bids, or prequalify, to build the stadium that will have a retractable roof, according to a copy of the tender notice cited by newswire Dow Jones.

The project is being developed by Mubadala Real Estate & Hospitality, part of the Abu Dhabi-owned investment company Mubadala.

Companies interested in winning the contract to build the arena must have had a minimum annual turnover from construction activities of AED4.5 billion ($1.22 billion) in each of the last three years, the tender notice added.

Zayed Sport City Stadium is currently the largest stadium in Abu Dhabi and will next month host the FIFA World Club Cup football tournament.

Earlier this month, it was reported that Abu Dhabi is planning to spend $15bn on infrastructure projects over the next three years to cater for the city's rising population.

Ali Mahmoud, chief investment officer, Abu Dhabi Investment House, revealed the spending plan at a summit in the UAE capital which heard that the city's population was set to rise to three million by 2020.

Separately, the UAE economy minister Sultan bin Saeed al-Mansouri said investments in Abu Dhabi infrastructure, property and manufacturing were expected to reach about $1 trillion in the medium term.

The emirate has projects currently underway worth around $100 billion, the minister said.

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