Masdar awards $200m contract to ACC
Contract to cover expansion of Masdar Institute
Arabian Construction Company has inked a AED750m ($205m) deal to expand the Masdar Institute of Science and Technology (MIST) campus in Abu Dhabi.
The new complex will be built adjacent to the existing campus at the heart of the Masdar City development and will include energy-efficient design, natural ventilation and heat reflecting façades. It is currently the only building operational in a project that has been dogged by significant delays and has seen its masterplan revised. Sultan Al Jaber, chief executive, has had to repeatedly state the the project, originally due in 2015, would not be scaled back.
The project will take 18 months to complete and will add 82,000m2 to the campus. The contract includes the construction of student accommodation, seven open laboratories, conference centre, swimming pool and a gym.
It received a boost in October following the announcement that Siemens is to move its headquarters to the site. The technology giant and Masdar are to jointly implement a power grid and building technologies in the first phase.
MIST was established in cooperation with the Massachusetts Institute of Technology to focus on clean-energy research and technological development.
According to Hamed Mikati, Director at ACC: “We are honoured to have been awarded this contract and look forward to building one of the world’s leading scientific and technological institutes.