Dubai Investments' Fujairah tower set for 2020 completion
DUBAI, January 5, 2019
Work on the Dh460-million ($125 million) Fujairah Business Centre, a project being developed by Al Taif Investment, is moving at a steady pace with 20.5 per cent of the project already completed and on track for opening in June 2020.
Al Taif Investment is a joint venture between Dubai Investments and Fujairah Investment Establishment (FIE), a unit of the Fujairah Government.
The project will boast a total built-up area of 96,400 sq m, offering a 19-level office tower and 19-level hotel and apartment tower as well as a shopping mall and retail area with parking for over 670 vehicles, said the statement from Dubai Investments.
The Fujairah Business Centre is located in the Fujairah town centre, overlooking the Grand Mosque.
China State Construction Engineering Corporation Middle East is the construction contractor along with Dewan Architects and Engineers as consultant.
The upcoming hotel tower is now 18 floors high, with just two slabs left to cast and complete while the office tower has eight slabs still for completion.
Mechanical, electrical and plumbing work on the project is ongoing, with the team close to finishing all block work. The team is carrying out procurement and the project is at a stage where interior décor, furniture and fitting project will be awarded, it stated.
The project will be completed well ahead of its Q4 2020 deadline, said the statement from Dubai Investments.
Recently, Dubai Investments managing director and CEO Khalid Bin Kalban had toured the site alongwith the company's board of directors, and were given a status update on the project.
Bin Kalban said: "The Fujairah Business Centre project has been strategically planned for a specific location which will address market requirements, create investment and business opportunities and also to set benchmarks in terms of urban development."
"It was a real pleasure to see that the project is progressing ahead of schedule, it will offer some real opportunities in terms of business and investment," he added.-TradeArabia News Service
