Dubai – Decypha: Earlier this month, Dubai holding unveiled a new integrated AED 5 billion business district called Emirates Towers Business Parks. The new business park that was announced by Sheikh Mohammed Bin Rashed Al Maktoum will be constructed near to Emirates Towers and the Dubai International Financial Centre (DIFC).
The construction of the business park is set to commence by the end of 2017 and will take up to four years until its completion. The new development will include green spaces, public parks, and will also contain two covered pedestrian bridges connecting to DIFC.
The project will also include multiple Grade-A office buildings, it will be situated between Sheikh Zayed Road and Happiness Streets, the national reported. The district will also include three hotels, one of them will be managed by Jumeirah group, a new retail place, also a space to host events.
Dubai Holding will develop the new project together with DIFC, the national cited a statement released by the government of Dubai’s Media Office.
The statement went on to say that the new business district will be built at the request of increasing demands to have a Grade-A areas for their regional offices and headquarters.
The Emirates Tower Business Park will be supported by a three-level basement to ease the access to the development. One level will be for traffic management and the other two will have 13,000 parking spaces, ME construction News reported.
The integrated business district will serve as legislative environment and it will provide international standards of governance and transparency under the supervision and regulations of the DIFC, the statement read.
The new project is a reflection of the wise and ambitious leadership of the UAE, it is also a part of Dubai’s vision to develop futuristic projects, Abdullah Al Habbai, chairman of Dubai Holding said. He further added that the business district is a proof of Dubai’s commitment to diversify its economy. Also, it’s a proof of the city’s attractiveness for regional and international corporations.
“It’s a pleasure to work together with Dubai holding on this exciting project, It brings us step closer to the stated objective of expanding DIFC by 2024,” The governor of DIFC Essa Kazim said, the national reported. He added that DIFC continues to deliver its ambitious plans to support the growth in Dubai.
“By extending DIFC’s jurisdiction, the companies that will members of the Emirates Towers Business Park can benefit from the Centre’s robust legal and regulatory framework. Also, its world-class infrastructure that supports business growth throughout the MEASA region,” Kazim added.
Projects similar to this business district and real estate projects represent the next stage of development in the field of infrastructure that the UAE needs to meet its growth aspirations, Vice President and Prime Minister of the UAE and Ruler of Dubai Sheikh Mohammed.
Sheikh Mohammed added that the UAE is aware of the requirements needed for the future and is working on developing projects in line with its inclusive plan for development.
“Our country continues to read the requirements of the future and prepare the needed atmosphere that provides business institutions and thriving opportunities. It will provide progressive solutions that are in line with the aspirations of investors and help the in the work,” Sheikh Mohamed went on to say.
By Toqa Ezzeldin
