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Thursday, 14 July 2016

Zayed Crystal Spark project to be re-tendered

Another EEDC project bites the dust? Construction of the grandiose Zayed Crystal Spark project, labelled by Gizmodo as “a new pyramid” in March 2015, now appears to be in question. The New Urban Communities Authority has decided to re-tender the project and a 410-feddan land plot, 16 months after the project was issued, Al Borsa reported. Housing Ministry sources said the offers presented at the time are no longer suitable given the changes to the exchange rate and NUCA’s participation levels. The new tenders will be announced before the end of the year.

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