September 08, 2008

Samsung bags AED 1.3 billion contract from DWTC

Dubai World Trade Centre has announced that it has awarded AED 1.3 billion development contract for Dubai Exhibition World to international construction firm Samsung.

Under the contract, Samsung and Baytur JV will take on the responsibility for the construction, completion and provision of 1 year's full maintenance of the exhibition complex once it becomes operational.

Mr Helal Saeed Al Merri director general of Dubai World Trade Centre said that "We are now taking the final steps toward creating a truly world class business and event infrastructure. The final contract award for the DEW facility is a major step in the development of our world class commercial destination that is set to change the face for business networking for the region."

Mr Dave Chung regional director for Samsung said that "Dubai Exhibition World is an ambitious project, which will help drive growth across the region and internationally. We are proud to be part of the creation of this business landmark."
Work on the project will begin immediately following the contract signing, with construction due for completion by 2010. DEW will offer 120,000 square metres of column free exhibition space in its first phase cementing its position as the largest event facility in the Middle East. The largest single hall will offer 85,000 square metres of uninterrupted exhibition space and will be the longest single column-free exhibition hall in the world.

The facility is planned to expand post completion of first phase, ramping up to over 300,000 square metres of venue space through its second and third phases, to become one of the largest exhibition facilities internationally and to enable Dubai to attract and host the world's most prestigious events. Surrounding the facility will be a boardwalk and series of green spaces set around three interconnected lakes making it a truly unique destination.