Al Futtaim Carillion wins $196m DTCD Phase 2 deal
Two office blocks will be constructed for Dubai Trade Centre District's second phase, due for completion by Q3 2017
Al Futtaim Carillion has been awarded a $196.3m (AED721m) contract to construct the second phase of Dubai Trade Centre District.
The total value of Al Futtaim Carillion's work at Dubai Trade Centre District amounts to $326.7m (AED1.2bn) following the award of this deal.
The 53.5ha mixed-use complex is located between Dubai International Convention and Exhibition Centre, and Jumeirah Emirates Towers.
Phase two of the development comprises two office blocks, eight and 12 storeys high, which have been designed by Hopkins Architects and WSP.
The towers will span a gross floor area of 9.4ha.
Work on the project has commenced, and is due for completion in the third quarter of 2017.
Al Futtaim Carillion is currently working on the first phase of Dubai Trade Centre District, which comprises an eight-storey office building, and a 588-room Ibis Hotel.
Gurjit Singh, senior vice-president for real estate at Dubai World Trade Centre, said: “The addition of international standard Grade A office properties in the heart of Dubai’s business and commercial corridor allows us to provide high quality spaces.
“Coupled with the location’s newly established Free Zone status under the Dubai World Trade Centre Authority, we are well placed to deliver a destination that serves as a strong incentive for multinationals to headquarter their regional bases in Dubai.”