Chinese contractor bags Dubai Holding’s Dh5 billion contract for two projects
Dubai Holding, a diversified investment conglomerate, has awarded a Dh5 billion construction contract to China State Construction Engineering Corporation Middle East (CSCEC ME) for the delivery of the Group’s new headquarters and Jumeirah Residences Emirates Towers. The building contract represents the single largest Dubai Holding has awarded to date.
The Group’s new headquarters is scheduled to open in 2029. The award will also advance the delivery of Jumeirah Residences Emirates Towers, comprising 754 branded residences across two towers in the same location.
Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Holding, said, “Dubai’s success has been built on a clear vision for the future, the confidence to invest with purpose and the discipline to turn ambition into progress. We continue to build from a position of strength, committing capital to assets that support economic growth and create value for our people, communities and future generations.
“For more than two decades, Dubai Holding has been an important contributor to the emirate’s transformation, enabling economic activity equivalent to 30% of Dubai’s GDP. This investment reflects the same long-term ambition: to keep setting new standards for what a global city can achieve, and to strengthen Dubai as a global hub for business, investment and talent.”
Designed by Skidmore, Owings & Merrill (SOM), the globally renowned architecture, engineering and urban planning practice behind many of the world’s most recognisable buildings, Dubai Holding’s new headquarters is designed as a highly connected environment. Defined by its distinctive circular form, the office will be organised around a central open-air atrium and landscaped courtyard, with expansive terraces.
Amit Kaushal, Group Chief Executive Officer of Dubai Holding, said, “Our new headquarters marks the next phase in our evolution. Built to world-class design principles, it sets a new benchmark for prime office space in Dubai and is designed for the people who will shape our future, today and in the years to come. Jumeirah Residences Emirates Towers carries the same ambition in another form, adding a residential landmark to one of Dubai's most prominent districts and adding further strength to our real estate portfolio.”
Operating in the UAE since 2003, CSCEC ME has delivered more than 110 large-scale projects across the Gulf, spanning residential, commercial, hospitality and infrastructure. It is supported by the global capabilities of its parent company, China State Construction Engineering Corporation, one of the largest construction and investment groups in the world.
Tian Sanchuan, Chairman of CSCEC ME, said, “We are honoured to have been awarded these landmark projects by Dubai Holding, reflecting the mutual trust and confidence between our two organisations. CSCEC ME’s journey in Dubai has been made possible by its exceptional business environment, founded on openness, transparency, fairness and opportunity, and shaped by the visionary leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum.
“These landmark developments reflect the resilience and strength of Dubai’s economy and reinforce our confidence in its continued growth. We remain committed to Dubai and are proud to contribute to the development of this remarkable city and its ambitious future.”
CSCEC ME will also deliver Jumeirah Residences Emirates Towers, a flagship residential development by Meraas in one of Dubai's most established districts. Designed by SCDA Architects, the development will combine contemporary architecture with Jumeirah’s renowned Arabian hospitality and service expertise, alongside a collection of lifestyle, wellness and leisure experiences. This development will benefit from direct connectivity to some of the most prominent business, cultural and lifestyle destinations in Dubai. Handover is scheduled for 2030.
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