Al Futtaim Carillion awarded $102.2mn DTCD deal
Development is at heart of Dubai's Central Business District
Dubai World Trade Centre has awarded Al Futtaim Carillion the main AED375mn (61.4mn) contract for first phase delivery of the Dubai Trade Centre District (DTCD).
The146,000m2 development lies 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 in April, with a scheduled completion date of Q3 2015.
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.
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.
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.
He said: “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.”