Union Properties Autodrome Business Park project 30% complete
Foundation work on the project 95% complete, while steel structure implementation has noted 60% progress
Dubai Financial Market-listed (DFM) Union Properties has noted 30% completion on its Autodrome Business Park Phase 2, which the company claims is the UAE’s first fully integrated multipurpose motorsport and entertainment facility, with the company having said that the project is on-schedule to be delivered in February 2020.
Foundation work on the project is 95% complete, while steel structure implementation has noted 60% progress.
In a bourse missive the developer said that ground on the facility was broken in June 2019, with scope of work for the project including construction of two utility buildings comprising seven units over an area spanning 3,149.4m2.
Phase 2 of the Autodrome Business Park is located near Phase 1, which is a 5,016.8m2 facility featuring 12 units.
Speaking about the construction work on the expansion project, general manager of Dubai Autodrome, Ahmad Ibrahim said that 50% work on the project is expected to be completed in the “upcoming month”.
Earlier this month the company said its chairman, Nasser Butti Bin Omeir Bin Yousef, had reversed his decision to resign from the company, with plans to continue in his role until the end of his term in April 2020.