Ahmed Bin Saeed Witnesses Signing Of Dubai Holding’s Landmark AED5 Billion Construction Contract
Muhammad Irfan
Published September 09, 2026 | 03:00 PM
DUBAI, (UrduPoint / Pakistan Point News / WAM - 09th Sep, 2026) H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Holding, witnessed the signing of an AED5 billion construction contract between Dubai Holding and China State Construction Engineering Corporation Middle East (CSCEC ME) for the delivery of the Group’s new headquarters and Jumeirah Residences Emirates Towers.
This building contract represents the single largest Dubai Holding has awarded to date, reflecting the scale of capital the Group continues to deploy into projects that support Dubai's long-term growth.
Set to become one of Dubai's most distinctive corporate landmarks, the new headquarters will bring the Group's businesses together in a workplace built around collaboration, sustainability, and employee well-being, while opening a prime new address in one of the city's most sought-after commercial locations. The building is scheduled to open in 2029.
The award will also advance the delivery of Jumeirah Residences Emirates Towers, comprising 754 branded residences across two towers in the same location, adding a striking new presence to Dubai’s luxury residential market.
Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs; and Ou Boqian, Consul General of the People's Republic of China in Dubai and the Northern Emirates, also attended the signing ceremony alongside Amit Kaushal, Group Chief Executive Officer of Dubai Holding; Tian Sanchuan, Chairman of CSCEC ME, and senior representatives from both organisations.
Sheikh Ahmed bin Saeed stated:
"Dubai’s success has been built on a clear vision for the future, the confidence to invest with purpose, and the discipline to turn ambition into progress. We continue to build from a position of strength, committing capital to assets that support economic growth and create value for our people, communities, and future generations.
For more than two decades, Dubai Holding has been an important contributor to the emirate’s transformation, enabling economic activity equivalent to 30% of Dubai’s GDP. This investment reflects the same long-term ambition: to keep setting new standards for what a global city can achieve, and to strengthen Dubai as a global hub for business, investment, and talent."
Designed by Skidmore, Owings & Merrill (SOM), the globally renowned architecture, engineering, and urban planning practice behind many of the world’s most recognizable buildings, Dubai Holding’s new headquarters is designed as a highly connected environment. Defined by its distinctive circular form, the office will be organized around a central open-air atrium and landscaped courtyard, with expansive terraces designed to encourage collaboration and the exchange of ideas. Employee well-being, sustainability, and innovation are core aspects of this design philosophy.