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Nakheel awards Almas Tower construction contract

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16-Jul-2005

Nakheel Properties and Dubai Metals and Commodities Center (DMCC) have awarded Taisei Corporation of Japan the construction contract for Almas Tower. The building will be the icon for the new diamond industry in the region and will house the Dubai Diamond Exchange.

"The Almas Tower is set to become one of the most stunning structures in Dubai and will be the base for several prominent companies. This made it extremely vital to choose a renowned construction company like Taisei Corporation who could fully meet our requirements," said Ahmed bin Sulayem, Chief Operating Officer, DMCC.

Almas Tower is a 65-floor building surrounded by lakes and will accommodate offices of leading banks, insurance companies, security firms, major international auction houses and educational institutes.

From left to right: Tatsuya Sugawara, Manager, Marketing and Business Development, Taisei Corporation; Ahmed bin Sulayem, Chief Operating Officer, DMCC and Kunihiko Nambu, Senior Executive Vice President & General Manager of International Division, Taisei Corporation during the signing ceremony.

"The Almas Tower will be the highest office tower in the region, and a unique addition to Dubai's skyline. The tower will house all leading international and regional players in the diamond sector in a single state-of-the-art facility, and will considerably boost Dubai's profile in the global diamond industry," stated bin Sulayem.

Taisei Corporation of Japan has a 131 year history covering a range of projects in Japan and overseas. A member of the Marubeni-led consortium of companies, the group is also involved in a pipeline project in Abu Dhabi.

"We have a highly experienced and skilled team of engineers and designers who are committed to achieving international quality standards in their work. Taisei is pleased to have been awarded this contract and to be associated with a prestigious project like the Almas Tower," said Tatsuya Sugawara, Manager, Marketing and Business Development, Taisei Corporation.

The Dubai Metals and Commodities Centre is a strategic government initiative that integrates the refining, manufacturing and trading of gold in Dubai, while introducing the trading of other precious metals such as platinum, palladium and silver.