Dubai Investments to Launch AED1 Billion Skyscraper Soon

Press release

Published June 1st, 2017 - 10:14 GMT

Al Bawaba

Dubai Investments will soon start the development of a skyscraper worth AED 1 billion in Dubai, Albayan reported.

The 70-storey project is scheduled for completion in 2020, the company’s managing director and CEO Khaled bin Kalban.

The tower’s engineering designs are ready, bin Kalban said, adding that the company will call contractors to submit their offers soon.

Design & ARchitecture bureau (DAR) is responsible for all the designs of the project.

The new project is located on Sheikh Zayed Road and overlooks Dubai Water Canal.

Source: Mubasher

Background Information

Dubai Investments

Dubai Investments PJSC is a leading public joint stock company listed on the Dubai Financial Market with over 16,771 shareholders and a paid-up capital of AED 4 billion. Incorporated in 1995, the Company has grown exponentially with investments in a number of businesses across a number of sectors, ranging from real estate, processing industries, mergers and acquisitions, healthcare, education to financial investments in the UAE and the Middle East. Dubai Investments continues to create positive economic impact and long-term value for its stakeholders by investing in sustainable, growth sectors in markets across the globe.