Monday, November 16, 2009

Memon Investments completes 9 out of 10 floors of AED 80 million ‘Cambridge Business Centre’

Memon Investments completes 9 out of 10 floors of AED 80 million ‘Cambridge Business Centre’

Prime commercial tower in Dubai Silicon Oasis moving towards delivery

November 15, 2009

Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate, the Memon Group of Companies, announced that it has completed nine out of the ten floors within ‘Cambridge Business Centre’ (CBC) project, its inaugural commercial venture located in Dubai Silicon Oasis. The continuous construction works on the AED 80 million tower is leading up to its expected timely delivery.

With a total built-up area of 160,000 sq. ft., CBC is the first project in the region comprised of 10 floors that are all dedicated to commercial space. Memon Investments has partnered with several leading construction partners for this project, with Cairo Contracting Company bagging the main contract for the business tower; WIN GATE Electromechanical Services providing top-quality materials and delivering complete electrical, plumbing, drainage, fire fighting and fire alarm works; and Stromek Emirates Foundation, which is in charge of shoring and excavation works. Further, HI-TECH Electro Mechanical Contracting Est. and Shanghai & Arabian Electromechanical LLC, are also part of this massive project, installing YORK air-conditioners and three high-speed elevators, respectively.

“Our initial venture in commercial property development is shaping up to be another success for Memon Investments, cementing our repute as a dynamic construction organisation,” said Rizwan Shaikhani, Joint Managing Director, Memon Investments. “Construction of CBC is progressing rapidly, and we are now preparing for the hand-over of the offices to our investors. We are proud to be close to delivering this project despite the drawbacks of the current recessionary period, which attests to our capacity and commitment to honour the promise we made to our investors.”

Inspired by classic British architecture, CBC will offer small, medium and large offices that are fully equipped with technologically advanced facilities such as Wi-Fi technology, keyless entry and hi-speed internet connection. Commercial tenants can also enjoy from the host of services and facilities, which will be available within the tower. In addition to state-of-the-art offices, the development will also house retail shops on the ground floor, banking facilities and a travel agency, in addition to amenities for rest and relaxation such as a fully-serviced health club at the rooftop.

“We are looking forward to welcoming the first batch of businesses to make CBC the base of their operations. Its strategic location and high-technology facilities will make their business more accessible to their customers. We are counting down to the day when we will open CBC’s doors to the new owners, after which our focus will shift to ensuring that this development will continue to remain an efficient business hub,” concluded Shaikhani

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