Project Management - GPD Investments for the International City Project - Example

The paper “Project Management - GPD Investments for the International City Project” is an outstanding example of the business plan on management. The International City project in the Warsan Fourth community, Nad Al Sheba, will be a six-story residential low rise inclusive of a ground floor and allocation for car parking. The residential building will include eighty-three studio flats and twenty-four one-bedroom flats. The parking spaces proposed include one hundred and seven slots as well as three slots for handicap parking and four slots for visitor parking. The international city concept is behind converging different global nationalities and cultures to make Dubai as modern and cosmopolitan as fairly possible. The vision of residential projects by the international city is to provide contemporary living experience to over 60, 000 people thus realizing the dreams of owning a home. Being a residential project, the venture proposed is located within a region with business activities, retail services, and attractions that accompany residential features. The location of International City is at the Al Warsan Region in Dubai, at the Dubai-Hatta Road. It faces the Dubai Central vegetable and fruit market and its distance from the airport is 5.4 miles.

The project had been previously suspended due to the global financial crisis that had investors stop their funding towards construction projects. The suspension is among the three major construction difficulties along with delays and termination which results in costly litigation processes and subsequent significant detrimental costs to the project. Given the construction clause of suspension which is a delay that is contractually allowable, the suspension of the International City project was of no direct fault to any of the construction parties. The government provided aid to cover the development obligations of Nakheel to construction projects including the International City project. This was done in a bid to reassure investors. The damages of the suspension of International City included extended costs on overhead, material increase, financing, equipment standby, and job site costs. Additionally, the time is taken for the project to reconvene meant that the prices of materials and labor have increased thus making the initial budget immaterial. Compensations were provided to the employees and a guarantee for reemployment should the project resume.