172_Industry_Experts_to_Discuss_Commodities BUSINESS BLOG

World Bank forecasts economic growth at 4.5% for 2018
 

DMCC, the world’s leading Free Zone for commodities trade and enterprise in Dubai, and Richcomm Global Services, the Dubai-based international commodity services company, in collaboration with DGCX, the region’s largest and most diversified derivatives bourse, will be hosting the ‘Global Commodity Outlook Conference’ in Dubai for the fifth consecutive year on 11 February 2018.

173_DMCC_Awards_Uptown_Dubai_Raft BUSINESS BLOG

HLG, one of the Middle East’s leading diversified international contractors to build raft foundation for one of Uptown Dubai’s two super tall towers

Uptown Dubai’s first super tall tower to bring 5-Star hotel and branded luxury residences, restaurants, health spas and Grade A offices

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DMCC, the world’s leading Free Zone for trade and enterprise, master developer of Jumeirah Lakes Towers (JLT) and the much anticipated Uptown Dubai, announced today that Dubai based contractor, HLG, renowned for its world-class build and infrastructure expertise, is to build the concrete raft foundation for one of Uptown Dubai’s two super tall towers.

Shortlisted amongst 8 bidders, HLG will deliver the project by June 2018 which will require 12,000 cubic metres of concrete and 1,500 tonnes of reinforcement steel to complete the foundation raft.

With shoring and piling works well underway for the 10 million sq/ft development of grade A commercial and luxury residential space, Uptown Dubai’s first super tall tower, will comprise luxury hotel rooms and suites, high end restaurants, health spas, extensive conference facilities, and 240 uniquely designed branded residences set for sale in early 2018.

Paul Ashton, Executive Director - Property, DMCC, said:

“DMCC’s Uptown Dubai development is well underway as planned with piling, shoring and now raft foundation construction by HLG commencing in March. The HLG collaboration will literally provide the foundation for what will take Uptown Dubai’s first landmark super tall tower to new heights ready for occupancy by Expo2020”.

Uptown Dubai will be anchored by two iconic super-tall towers designed by internationally renowned architects Adrian Smith & Gordon Gill from Chicago. DMCC began the construction of its Uptown Dubai in September 2017, a premium mixed-use destination with 7 towers atop 7 levels of podium. The district’s main podium, 28 meters above ground, features a two-level central plaza that will be larger than New York Times Square, circled by world class outlets, connected to a retail mall below, all with direct access to the iconic towers.

Uptown Dubai aims to deliver the best in smart urban living and mobility with connectivity to public transport. Uptown Dubai is conveniently located close to DMCC’s Jumeirah Lakes Towers, a community of over 92,500 people, as well as major commercial projects in Dubai’s Southern belt such as Expo 2020 and Al Maktoum International Airport.

NL_1_Photo BUSINESS BLOG

Dubai, UAE; 13 November 2013: Dubai Multi Commodities Centre Authority (DMCC) has signed a Memorandum of Understanding (MoU) with Reuters Ltd. (Thomson Reuters) to further explore cooperation between the two parties by enhancing value added products and services that benefit customers and free zone members.

NL_2_Photo BUSINESS BLOG

Dubai, UAE; 9 November 2013: Dubai Multi Commodities Centre Authority (DMCC) has signed a Memorandum of Understanding (MoU) with Dubai Aviation City Corporation (DACC), the entity responsible for the development of Dubai World Central (DWC), to further explore cooperation between the two parties to enhance the ease of doing business for members.

NL_3_Photo BUSINESS BLOG

The Swiss Tower in JLT is taller than any tower in Switzerland and the tallest of its kind in the world

Dubai, UAE; 30 November 2013: The Swiss Tower, the first “country branded” tower in the UAE, officially launched on 29 November 2013. The 40-floor tower in the DMCC Free Zone, the largest and fastest growing free zone in the UAE, has a total structural height of 167 metres. Construction of the Swiss Tower was completed in 2010 and the Swiss Business Council Dubai & Northern Emirates moved in early 2012.

The opening ceremony was attended by over 150 dignitaries including Swiss President of the Council of the States, H.E. Filippo Lombardi; Ahmed Bin Sulayem, Executive Chairman, DMCC; Swiss Ambassador, H.E. Andrea Reichlin; Walter Deplazes, Consul General Switzerland; and Urs Stirnimann, Chairman of Swiss Tower Interim Owner Association.