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Expected Development Cost
The breakdown of the expected development cost is segmented into primary factors; estimated reclamation cost (KD),
estimated infrastructure cost (KD), and estimated soft cost (KD).
Based on Van Oord, one of the worlds primary dredging and marine contractors, the 11m depth reclamation study for the
Neira will surmount to a total sum of KD 360,000,000.
The infrastructure cost realized by Projacs, a leading Pan-Arab project management firm, was estimated at KD98,000,000.
The soft cost that includes preliminary & operational expenses, consultation fees, project management, development
management and marketing for the project is estimated at KD57,250,000.
Activating these figures towards the total development cost of the Neira Financial Hub will demand KD515,250,000.
A percentage breakdown of the expected total development cost is illustrated below:
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Estimated Total Development Cost (KD)
Reclamation Cost 70%
Infrastructure Cost 19%
Soft Cost 11%