Memon Investments has awarded a Dh40.35 million ($10.9 million) contract  to Cairo Construction Company (CCC) for the construction of its Dh80 million Cambridge Business Centre.

Memon Investments is a leading Dubai-based property developer and part of the international business conglomerate, the Memon Group of Companies.

CCC will complete the high profile project at Dubai Silicon Oasis (DSO) in 19 months.

Present at the contract signing were Rizwan Shaikhani, joint managing director, Memon Investments and Hesham El Mohandess, president, Cairo Contracting Company.

As the main contractor, CCC joins other established industry experts, who have worked on the project such as Adnan Saffarini Office for the architectural design, Stromek Emirates Foundation for the initial shoring and excavation, and a host of subcontractors and suppliers.

Commenting on the contract, Rizwan Shaikhani said, “Our vision for an ideal business development is rapidly approaching its fulfillment with the awarding of this important contract to our new partner, Cairo Contracting Company. We are certain the CCC will be able to match the high standards of our previous projects.'

Due to its strategic location within the region’s premier integrated innovations hub for high-tech industries, and outstanding design that incorporates progressive engineering and architectural acumen, Cambridge Business Centre had been completely sold out merely weeks following its launch.

As one of the largest construction companies in Egypt, CCC boasts of a project portfolio approximately valued at LE 800 million, having completed a number of prestigious construction works for leading global companies.

'As a new player in the booming Dubai real estate market, we are very pleased to be working with one of the leading developers on their initial commercial development offering.'

'We assure Memon Investments that this project will witness the highest level of industry expertise of our highly experienced engineers, workers and managerial staff, in addition to our state-of-the-art technologies and techniques,' El Mohandess added.

Set to feature classic British architecture across its 108 small, medium and large offices, the business tower will boast of advanced facilities such as Wi-Fi technology, keyless entry and hi-speed internet connection.

Commercial tenants have appreciated the overall layout of the entire development, which is set to house 11 retail shops on the ground floor, banking facilities and a travel agency, in addition to amenities for rest and relaxation such as a fully-serviced health club at the rooftop.-TradeArabia News Service