Dubai Investments' $125m Fujairah Business Centre 'ahead of schedule'
CSCEC ME is working as main contractor for the project, which is 20.5% complete and will open in June 2020
The Dubai Investments-backed $125.2m (AED460m) Fujairah Business Centre, being built by China State Construction Engineering Corporation Middle East (CSCEC ME), is proceeding ahead of schedule.
Dubai Investments is building the project through its joint venture entity Al Taif Investment, which includes the Dubai developer and Fujairah Investment Establishment, the investment arm of Fujairah Government.
Fujairah Business Centre is 20.5% complete, and will be completed in June 2020, significantly earlier than its planned completion date of Q4 2020.
Spanning 9.64ha, the development includes an office tower and another comprising hotel and apartment units, both of which are 19 floors high. Also included within the project are a shopping mall, and a retail area with more than 670 vehicles’ worth of parking space.
Dubai Investments’ managing director and chief executive officer, Khalid Bin Kalban, was given updates about the project during a site tour he conducted with the board of directors of the firm.
The hotel tower within Fujairah Business Centre is 18-floors complete, whilst the office tower is awaiting the completion of eight slabs. Mechanical, electrical, and plumbing work on the development is currently under way, with block work close to completion.
Procurement work is ongoing for Fujairah Business Centre, with tenders to be awarded for interior décor, furniture, and fitting works.
Overlooking the Grand Mosque, CSCEC ME’s development is located within Fujairah’s town centre, and has Dewan Architects and Engineers involved as its project consultant.
Commenting on the project, 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,” he added, according to Wam.