DWTC assesses Trade Centre phase II bids
Contractors submit pre-qualification documents for next phase of key Dubai tourism site
Dubai World Trade Centre has received prequalification documents from contractors interested in phase two of its Dubai Trade Centre District project facing Sheikh Zayed Road.
The project had stalled for a number of years but in 2013 a re-masterplanning of the entire district began.
This was followed by the award for the 167,000m2 first phase of the project - containing an eight-storey office building and a 588-room hotel - in March 2014 to Al Futtaim Carillion. It secured a $52mn loan from the British government in October to help finance work on the project, which began last April and is set to complete in the third quarter of this year.
The site sits between the existing Dubai International Convention and Exhibition Centre and Jumeirah Emirates Towers.
Pre-leasing for offices being built in the first phase began last month, with JLL placed in charge of the tenant search.