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HSBC confirms $250m new Dubai HQ to open next month

The banking giant told Construction Week that employees would start moving into the Downtown Dubai tower "from July through to August, as planned"

HSBC's 20-storey new HQ will open next month [image: Dubai Media Office].
HSBC's 20-storey new HQ will open next month [image: Dubai Media Office].

HSBC has told Construction Week that its million-dollar headquarters building in Dubai will open next month.

Banking giant HSBC expects to open its $250m (AED918.1m) UAE headquarters located in Downtown Dubai this July, a company spokesperson confirmed.

"We are looking forward to welcoming HSBC colleagues into our new building from July through to August, as planned," a representative from the bank told Construction Week.

READ: HSBC to build $250m headquarters in Downtown Dubai

London-headquartered HSBC, which claims to be one of the biggest banks in the world, announced plans to build its new office in Dubai in January 2016

German Formwork Technology (GFT) says it has worked on the project, and pictures on its website appear to show various images of wall formwork for HSBC's new building, which was under construction at the time.

HSBC has not revealed details of which company constructed the tower, but GFT lists Multiplex as the project's contractor.

The HSBC Tower Dubai website also names the Australian-headquartered builder – formerly called Brookfield Multiplex – as the project's "general contractor", with Broadway Malyan named executive architect.

According to a Bloomberg report cited by Arabian Business in 2016, the 20-storey tower was to be built by Abu Dhabi developer, Gulf Resources Development and Investment, who would then sell it to HSBC Bank Middle East Limited. 


.@HSBC plans US$250 million headquarters in @MyDowntownDubai #Dubai pic.twitter.com/58Mnl7mjBp

— Dubai Media Office (@DXBMediaOffice) January 18, 2016


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Construction Week - Issue 737
Apr 14, 2019