Search DubaiPRNetwork.com

Home >> Banking & Investments

Dubai Investments confirms AED 460 million Fujairah Business Centre project ahead of schedule

Dubai Investments confirms AED 460 million Fujairah Business Centre project ahead of schedule

Saturday, January 5, 2019/ Editor -  

Share

Home >> Banking & Investments

Dubai, 05 January 2019:   Dubai Investments PJSC has announced that work on the AED 460 million Fujairah Business Centre project, developed by its joint venture entity Al Taif Investment, is 20.5% complete and on track to finish in June 2020, well ahead of its scheduled completion date of Q4 2020.

The joint venture between Al Taif Investment and Fujairah Investment Establishment will have a total built-up area of 96,400 square meters, offering a 19-level office tower and 19-level hotel and apartment tower as well as a shopping mall and retail area with parking for over 670 vehicles. Dubai Investments MD and CEO Khalid Bin Kalban recently toured the site with the Board of Directors, and received a status update on the project.   

The hotel tower is now 18 floors high, with just two slabs left to cast and complete while the office tower has eight slabs still to complete. Mechanical, electrical and plumbing work on the project is ongoing, with the team close to finishing all block work. The team is carrying out procurement and the project is at a stage where interior décor, furniture and fitting project will be awarded.

Khalid Bin Kalban said: “The Fujairah Business Centre project has been strategically planned for a specific location which will address market requirements, create investment and business opportunities and also to set benchmarks in terms of urban development. It was a real pleasure to see that the project is progressing ahead of schedule, it will offer some real opportunities in terms of business and investment.” 
     
The Fujairah Business Centre is located in the Fujairah town centre, overlooking the Grand Mosque. China State Construction Engineering Corporation Middle East is project construction contractor with Dewan Architects and Engineers project consultant. 

Al Taif Investment is a collaborative effort between Dubai Investments PJSC and Fujairah Investment Establishment (FIE), the investment arm of the Fujairah Government. 


Previous in Banking & Investments

Next in Banking & Investments


Home >> Banking & Investments Section

Latest Press Release

Zoho sees over 100% market growth in the UAE, announces initiatives for the regi ...

Fit and Fabulous – now a possibility with HONOR technology

Gold: What if the Fed doesn't deliver?

Etihad Airways and Elenium Use Ground-breaking Technology to Revolutionise the T ...

Eros Group builds on its promise of delivering the latest technology to the UAE.

Jaguar F-Pace: 300 Sport and Chequered Flag Special Editions Join Award-winning ...

Empower saves 305 million gallons of potable water in 2018, equivalent to the am ...

Citi launches next generation mobile app in the UAE

Global Music Superstars to Perform at Spectacular Closing Ceremony for World Gam ...

A major presence of the French cosmetics industry at Beauty World Middle East in ...

du Showcases Futuristic Allure of the Telco Industry at Careers UAE 2019

Ericsson ConsumerLab: Augmented Reality is the future of gaming

Cole Haan Delivers True Performance Footwear With the Release of the Zerøgr ...

Dubai Sports Council conducts annual forum for football coaches

Tommy Hilfiger Two-Tone Time Collection

British Airways welcome its new A350 aircraft and unveils its new business class ...

Abu Dhabi Health Services Company (SEHA) patient helps raise awareness on kidney ...

Bentley Collection Celebrates Centenary Milestone

HP Raises the Bar for Exciting and Secure Devices with Cutting Edge PC Innovatio ...

Moms Eat Free on Mother's Day