Fresh from the launch of the world’s tallest commercial tower, leading Real Estate Development Company, Fortune Group today awarded the construction of their second freehold commercial project, ‘Fortune Executive Tower’ to IJM Corporation, one of Malaysia’s largest and most diversified construction groups. The construction contract is valued at an estimated AED 130 million.
Located at the Jumeirah Lake Towers, the 35 storey Fortune Executive Tower is one of the first commercial towers to offer duplex office spaces in Dubai. The tower will represent next generation office space and will offer investors a lucrative investment option. IJM Corporation is now an established player in the Middle East’s construction sector with a spate of high profile projects to its credentials. Among the international projects that IJM has undertaken include, the 455-room Avillion Hotel, Sydney, the Binh An Water Treatment Plant in Ho Chi Minh City, Vietnam, and the award winning Gardenville Condomnium in Singapore among others.
Announcing this new development, Mr. Ahmed Khoory, Chairman, Fortune Group said, “We have always believed in working with partners who are the best in their field, across all our projects. This significant contract for Fortune Executive Tower was no exception. IJM was our obvious choice considering their strong credentials, experience in the region and since we have a working relationship with them on our first project.”
Commenting on the win, Dato Krishnan Tan, Group Managing Director, IJM Corporation said, “We are happy to work with Fortune Group on their second project as well. This is indeed an honour for us and we look forward to set new benchmarks with this project. We look forward to use our expertise to construct what will surely be one of the most sort after business addresses at Jumeirah Lake Towers.”
Some of the unique features that Fortune Executive Tower will offer its clients include, The Executive Lounge, featuring a reading and sitting area with free 24-hour Internet and e-mail access for guests. The seminar rooms at the tower will include first-rate facilities for any corporate function, backed up by a state-of-the-art audio-visual system. In addition, the Fortune Executive Tower will also have a shopping arcade with some of the world's best brands, mini food court and a hi-tech fitness center with trained fitness experts as well as an executive Spa. The unique design, concept and facilities will help corporations provide contemporary and high class office space to professionals to work from, effectively reflecting business ambitions and goals.
Launched in August 2005, the Fortune Executive Tower received overwhelming investor response and was sold out in less then two months. The project is scheduled for completion by the end of year 2007.
With its core business of construction, IJM Corporation also has active interests in property development and in international ventures. IJM is a public company based out of Malaysia, with more than 3,000 shareholders. IJM is managed by experienced professionals who have together constructed some major landmarks across the world. IJM has boldly set up its associate company, IJM Construction (Middle East) LLC, to cater for potential projects that have been booming in this region.
Fortune Group’s current investments in Dubai real estate is valued at over AED 6.3 billion across seven exclusive commercial and residential freehold projects. An integral part of Dubai’s freehold market, the Fortune Group has developed the most innovative residential and commercial spaces in the Emirate. Burj Al Alam, the world’s tallest commercial tower is the Group’s most recent and significant project development coming up at Business Bay. Other group projects are located at Jumeirah Lake Towers, Palm - Jebel Ali, Dubai Sports City and International Media Production Zone.
© 2006 Al Bawaba (www.albawaba.com)
