$125m Fujairah Business Centre project on track for early finish.

Dubai Investments has announced that work on the AED460 million ($125 million) Fujairah Business Centre project is on track to be completed in June 2020.

The company said on Saturday that the mixed-use project is well ahead of its scheduled completion date of the fourth quarter of 2020 and construction is currently 20 percent complete.

The joint venture between Al Taif Investment and Fujairah Investment Establishment will have a total built-up area of 96,400 square metres, offering a 19-level office tower and 19-level hotel and apartment tower as well as a shopping mall and retail area with parking for over 670 vehicles.

Dubai Investments managing director and CEO Khalid Bin Kalban recently toured the site and received a status update on the project.

The hotel tower is now 18 floors high, with just two slabs left to cast and complete while the office tower has eight slabs still to complete. Mechanical, electrical and plumbing work on the project is ongoing, with the team close to finishing all block work, a statement said.

Bin Kalban said: “The Fujairah Business Centre project has been strategically planned for a specific location which will address market requirements, create investment and business opportunities and also to set benchmarks in terms of urban development.

"It was a real pleasure to see that the project is progressing ahead of schedule, it will offer some real opportunities in terms of business and investment.”

The Fujairah Business Centre is located in Fujairah town centre, overlooking the Grand Mosque. China State Construction Engineering Corporation Middle East is project contractor with Dewan Architects and Engineers project consultant.

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