Dubai investments Company (DIC) has announced that the AED 460 million Fujairah Business Centre project, which is developed by DIC’s joint venture (JV) Al Taif Investment, is progressing ahead of schedule.
Al Taif Investment stated that the project is slated for completion in the fourth quarter of 2020, according to a bourse statement.
With a total built-up area of 96,400 square metres, the Fujairah Business Centre will comprise two towers including a 19-level plus roof Office Tower and a 19-level plus roof hotel, which incorporates 228 rooms and suites – along with 79 furnished apartments.
“The Fujairah Business Centre by Al Taif Investment is an iconic project which aims to capitalise on the investment potential and business opportunities that Fujairah offers,” DIC’s managing director and CEO Khalid Bin Kalban commented.
The project will also comprise a G+2 level shopping mall and retail area including parking space with a capacity to accommodate over 670 vehicles.
“The project will set benchmarks in urban development in the Emirate and act as a growth catalyst for creating robust opportunities for commerce and entrepreneurship, “Bin Kalban said.
Al Taif Investment is a JV between DIC and Fujairah Investment Establishment, the investment arm of Fujairah Government.