Mubadala Development, the $14 billion strategic investment arm of the Abu Dhabi, has invited contractors to submit design and construction plans for a 65,000-seat sports stadium in the United Arab Emirates (UAE) capital.
Mubadala published a tender in the UAE government-owned daily, The National, on November 24 which gave contractors until December 12 to submit preliminary bids to design and build the stadium.
The stadium would be the largest in the UAE, and is being planned amid $100 billion investment in new infrastructure by Abu Dhabi, according to regional media reports.
The project is being managed by Mubadala’s Real Estate and Hospitality unit, which will work with Davis Langdon, a construction consultancy based in London, to select qualified bidders.
It would eventually become the home ground of the UAE football team, who will take the field in a stadium featuring a retractable roof – a desired feature stipulated by Mubadala in the tender document.
Mubadala, which aims to garner financial returns fromÂ investments supporting theÂ UAE,Â runs many strategic projects in the oil and gas, clean energy, health, education, property, tourismÂ and aerospace industires, including a joint-venture with General Electric focused on innovation in the energy industry.