107,000sqm business park to be built around tower, DMCC chief says
The Dubai Multi Commodities Centre (DMCC), the master developer of Jumeirah Lakes Towers, has announced plans to begin building a new business park which will be built around the world’s tallest commercial tower.
The DMCC business park, comprising of 107,000sqm of commercial and retail space, is currently in the concept design phase, including the design for the world’s tallest tower. The developer declined to give details on the height, location or when work will commence on the tower, Emirates 24/7 said.
Ahmed bin Sulayem, Executive Chairman of DMCC, said: “The world’s tallest commercial tower and the DMCC Business Park are the next natural steps to ensure we continue to welcome companies to the free zone as demand grows – particularly large regional corporations and multi-nationals – in the near future. The initiative is designed to further strengthen Dubai’s position as the global hub for commodities trade and enterprise.”
In 2005, DMCC launched a ground breaking gold sukuk, raising $200 million to help finance the construction of its commercial towers.
With 65 mixed-use commercial and residential towers and over 180 retail outlets in operation, there are currently over 65,000 people working and living within the JLT development.
Taipei 101 in Taiwan is currently the tallest commercial tower in the world. It was completed in 2004 and is 508 metres high with 101 floors, according to Council of Tall Buildings and Urban Habitat (CTBUH).
One World Trade Center in New York City, US, will become the tallest commercial tower in the world in 2014. It will be 541 metres high with 104 floors. Ping An Finance Center in Shenzhen, China, will take over the top slot in 2016. It will 660 metres high and will have 115 floors.
Al Hamra Tower in Kuwait City, 413 metres high with 80 floors, is the tallest commercial tower in Middle East.
Almas Tower in Dubai is placed second on the regional list. Completed in 2008, the 68 storey tower is 360 metre high. Placed third on the list is Emirates Tower One in Dubai. The 355-metre-high tower was completed in 2000 and has 54 floors, according to CTBUH.
Dubai is also home to the world’s tallest building, the Burj Khalifa, which stands at 828m, the world’s tallest residential building, the Princess Tower (414m), the world’s tallest hotel, the JW Marriott Marquis (355m) and the 310m Cayan Tower, which is the world’s tallest tower with a 90-degree twist.
Data released by Emporis shows that Dubai has 1,881 tall buildings, of which 856 exist, 627 are planned, 355 are under construction, 42 unbuilt and one demolished.