Dubai Holding, a diversified global investment company, has awarded the AED5 billion ($1.36 billion) construction contract for the delivery of the group’s new headquarters and Jumeirah Residences Emirates Towers to China State Construction Engineering Corporation Middle East (CSCEC ME).
The building contract represents the single largest deal Dubai Holding has awarded to date, reflecting the scale of capital the group continues to deploy into projects that support Dubai’s long-term growth.
Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Holding, witnessed the signing of the contract.
Set to become one of Dubai’s most distinctive corporate landmarks, the new headquarters will bring the group’s businesses together in a workplace built around collaboration, sustainability and employee wellbeing, while opening a prime new address in one of the city’s most sought-after commercial locations.
The building is scheduled to open in 2029. The award will also advance the delivery of Jumeirah Residences Emirates Towers, comprising 754 branded residences across two towers in the same location, adding a striking new presence to the city’s luxury residential market.
Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs; and Ou Boqian, Consul General of China in Dubai and the Northern Emirates, also attended the signing ceremony alongside Amit Kaushal, Group Chief Executive Officer of Dubai Holding; Tian Sanchuan, Chairman of CSCEC ME and senior representatives from both organisations.
Sheikh Ahmed said: “Dubai’s success has been built on a clear vision for the future, the confidence to invest with purpose and the discipline to turn ambition into progress.”
“We continue to build from a position of strength, committing capital to assets that support economic growth and create value for our people, communities and future generations,” he added.
Designed by Skidmore, Owings & Merrill (SOM), the globally renowned architecture, engineering and urban planning practice behind many of the world’s most recognisable buildings, Dubai Holding’s new headquarters is designed as a highly connected environment.