Dubai: Dubai World Trade Centre (DWTC) has awarded Al Futtaim Carillion the main contract for Phase 1 delivery of the Dubai Trade Centre District (DTCD). The contract is valued at approximately Dh375 million.
DTCD is a 146,000 square metre development between the current Dubai International Convention and Exhibition Centre and Emirates Towers in the heart of the city’s Central Business District (CBD).
The initial phase, which includes an eight storey office building and business/tourism hotel, will see work beginning next month, with a scheduled completion during the third quarter (Q3) of 2015.
The appointment of Al Futtaim Carillion, a joint venture company between the UK’s Carillion and UAE-based Al Futtaim Limited, was made after competitive tenders. An operator for the hotel will also be announced in the coming weeks.
