Dubai, UAE, January 4, 2017: Dubai World Trade Centre has awarded Al Futtaim Carillion (AFC) the contract to deliver Phase 1A6 of One Central, a major integrated Real Estate development located between the current Dubai International Convention and Exhibition Centre and Emirates Towers in the heart of the city's Central Business District.
This latest phase of One Central has a built up area of 182,500 square metres and comprises two Grade A office buildings of 12 and 8 storeys. The contract, which is worth approximately AED725 million, will begin in January 2017 and is scheduled for full completion at the end of 2018. AFC has already completed an earlier Phase 1A2 of this development, which is currently being leased and is currently delivering the contact for Phase 1A5, which was awarded in October 2015. This latest award takes the overall value of AFC's contracts for the One Central development to AED1.8 billion.
'We are pleased to continue working with Al Futtaim Carrilion, which has successfully delivered the Phase 1 Offices that are now operational and almost fully leased. Our ongoing relationship with Al Futtaim Carillion will establish Grade A office properties of a world-class standard in Dubai's commercial corridor. These high quality, flexible commercial offerings provide a compelling value proposition in Dubai's central business district,' said Gurjit Singh, Senior Vice President - Real Estate, Dubai World Trade Centre.
'Through One Central's free zone status under Dubai World Trade Centre Authority, we are uniquely positioned to propose a professionally-managed destination that is conducive to business. As demonstrated by the resounding success of the leasing of our Phase 1 Offices, One Central serves as a strong incentive for blue-chip multinationals to headquarter their regional bases in Dubai.'
One Central is being designed to best-in-class quality standards and this phase will comprise international Grade A quality offices, which has achieved LEED® Gold precertification from the US Green Building Council – the industry benchmark for green building performance covering design, construction, operations and maintenance. The technology solutions and infrastructure being planned are aligned with the Dubai Government's Smart City strategic agenda, which was launched by Vice-President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum.
In welcoming the award, Carillion Chief Executive, Richard Howson, said: “We are delighted to have been selected for Phase 1A6 which is the third phase of the One Central development, where we continue to see good opportunities coming to market for which our capabilities and reputation for delivering to high standards of quality, safety and reliability are important to customers. We look forward to continuing our close relationship with Dubai World Trade Centre to deliver this important development”.