The Dubai Multi Commodities Centre has announced plans to build One JLT, a ‘glass-box’ style building in the heart of the DMCC Free Zone.
One JLT is a key part of the free zone’s previously announced strategy to cater to the demand of large regional and multinational companies.
“The DMCC Free Zone, now the largest Free Zone in the UAE, continues to grow at an unrivalled pace of an average of 200 companies a month,” said Ahmed Bin Sulayem, the executive chairman of DMCC.
“We are currently developing the DMCC Business Park and world’s tallest commercial tower to meet this expected demand to serve large regional and multinational companies as they seek to expand and access new markets. One JLT is an integral part of this strategy and will allow us to bridge the gap in the marketplace.”
The building, which will include 12 levels and a ground floor, will offer a Net Leasable Area (NLA) of 23,400 square metres.
DMCC signed a two-stage contract with Brookfield Multiplex, a leading global contractor responsible for creating large-scale and complex landmark buildings, to design and construct the project.
The two-stage contract approach will allow DMCC and Brookfield Multiplex to engage in a collaborative and transparent construction process. The Brookfield Multiplex team will be on site within the coming days to commence work.
