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DWTC Awards Al Futtaim Carillion Contract For 1st Buildings in Dubai Trade Centre District Phase 1
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| 17 Mar 2014 |
An artist rendering of the first phase development at Dubai Trade Centre District.
Dubai World Trade Centre has awarded Al Futtaim Carillion the main contract for first phase delivery of the Dubai Trade Centre District (DTCD), a 146,000 square metre development between the current Dubai International Convention and Exhibition Centre and Emirates Towers in the heart of the city’s Central Business District (CBD).
The initial phase, which includes an eight storey office building and business tourism hotel of 588 keys, will see work begin April 2014, with a scheduled completion date of Q3 2015. The contract is worth approximately AED375 million.
The appointment of Al Futtaim Carillion, a joint venture company between the UK’s Carillion and United Arab Emirates-based Al Futtaim Limited, came after competitive tender. An operator for the hotel will also be announced in the coming weeks.
“The Dubai World Trade Centre has always been a core enabler of business tourism for Dubai. The District development justly complements this current proposition, offering a premium destination that will serve as a networking and commercial hub for the international business community,” said Helal Saeed Almarri, Director General, Department of Tourism and Commerce Marketing and CEO, Dubai World Trade Centre.
“Apart from our convenient central location and ease of access, the DTCD development will be designed to best-in-class quality standards, and will deliver an extremely inter-connected and seamless experience for tenants, residents and visitors. The technology solutions and infrastructure being planned as we roll out additional phases of our masterplan will highlight alignment of these initiatives with the Dubai Government's Smart City strategic agenda launched by Vice-President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum.”
Part of a wider masterplan, the first phase commercial offering will include international Grade A quality offices, which has achieved LEED® Gold precertification from the US Green Building Council– the industry benchmark for green building performance across design, construction, operations and maintenance.
Located in one of the Emirate’s key business districts and adjacent to the landmark Dubai World Trade Centre complex, the high profile DTCD will have direct access to Dubai Metro and the main artillery road network, easily facilitating visitors, office occupiers and surrounding residents.
The contract award has received praise from UK representatives as British firms look to strengthen ties with the emirate.
“The news that Dubai World Trade Centre has selected Al Futtaim Carillion to build the first phase of this major development in Dubai is wonderful – especially as it comes during the visit to Dubai of the UK Minister for Trade and Investment, Lord Livingston. This is yet another example of British expertise playing its role in the impressive growth and development of Dubai’s infrastructure,” said Her Majesty's Consul General to Dubai, Edward Hobart.
Carillion Chief Executive, Richard Howson, also welcomed the appointment, citing the emirate as a core market for the British firm’s expansion plans in the region.
“We are delighted to have been selected for the first phase of this major development in Dubai, where we continue to see more opportunities coming to market for which our capabilities and reputation for delivering to high standards of quality, safety and reliability are important to customers. We look forward to working with Dubai World Trade Centre to deliver this important development,” added Howson.
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