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The value of construction on the development is estimated to be KD 4,600,000,000.
There have been numerous assumptions taken into consideration for the estimated value of construction in the development.
The floor area ratio that was proposed by Halcrow International is incurred amongst the cost. The soft cost, which constitutes
as 8.5% from the construction cost includes design, supervision, and project management.
The accumulation of the construction cost per m2 for Neira Financial Hub will be assumed as follows:
Value of Construction in Neira
•
Residential building=300KD/m2
•
Villa Plot=250KD/m2
•
Office=380KD/m2
•
Mix Use= 350KD/m2
•
Government Facilities=350KD/m2
•
Hotel=380KD/m2
The diagram below illustrates the breakdown of the value of construction (%)
Value of Construction Brakedown by Sector
Government Facilities 9%
Hotels 8%
Residential Buildings 25%
Offices 20%
Villa Development Plots 4%
Mixed Use 34%
Neira Financial Hub | 40