Posted inThe Knowledge

Builders bid for Guggenheim deal

Construction firms eye lucrative museum contract in Abu Dhabi

Three of the world’s biggest builders are eyeing the contract to build the Guggenheim Abu Dhabi Museum, according to a report.

UK’s Balfour Beatty, South Africa’s Murray and Roberts and Australia’s Leighton are mulling bids to bag the contract, which will be worth about Dhs2.75bn ($750m, The National daily reported on Thursday.

The Abu Dhabi-based newspaper added that the companies may face competition from local firms including Dubai’s Arabtec and Abu Dhabi’s National Projects and Construction.

The Guggenheim Abu Dhabi Museum will be located in the Cultural District of Saadiyat Island in Abu Dhabi, the capital of the UAE.

Designed by renowned architect Frank Gehry, the 450,000-square-foot museum will house its own major modern and contemporary art collection and present special exhibitions that will include works from the Guggenheim Foundation’s extensive collection.

The museum, the largest Guggenheim in the world, will have global art, exhibitions, and education programs with particular focus on Middle Eastern contemporary art.

Read the full version of this story on arabianbusiness.com.