Japan's Taisei Corp wins Almas Tower contract

Dubai Metals and Commodities Centre (DMCC) and Nakheel, who has been named project manager for Almas Tower, announced that they have recently awarded the construction contract for the tower to Taisei Corp of Japan.

The tower will be a landmark building, purpose-built to cater to the specific needs of the diamond industry and will house the Dubai Diamond Exchange, the only diamond exchange in the region.

The 65-storey tower surrounded by lakes will also accommodate offices of leading banks, insurance companies, security companies, major international auction houses and educational institutes.

Stunning structures

"Almas Tower is set to become one of the most stunning structures in Dubai and will be the base for several prominent companies," said Ahmad Bin Sulayem, COO, DMCC.

"It 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," he said.

Taisei Corp was established 131 years ago and has been involved in a range of projects in Japan and overseas.

Taisei is a member of the Marubeni-led consortium of companies involved in a mega project for the supply and installation of a water transmission pipeline in Abu Dhabi.

"Use of cutting-edge technology in construction and design has been the hallmark of Taisei over the years," said Tatsuya Sugawara, manager, marketing and business development, Taisei Corp.

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