Dubai World Trade Centre has awarded Al Futtaim Carillion (AFC) a Dh725 million ($197 million) contract to deliver Phase 1A6 of its One Central project.

The project is a major integrated real estate development located between the current Dubai International Convention and Exhibition Centre and Emirates Towers.

This latest phase of One Central has a built-up area of 182,500 square metres and comprises two Grade A office buildings of 12 and eight storeys. Work on the project worth $200 million will begin in January 2017 and is scheduled for full completion at the end of 2018. This latest award takes the overall value of AFC’s contracts for the One Central development to $490 million, a press statement from DWTC has revealed.

“Our ongoing relationship with Al Futtaim Carillion will establish Grade A office properties of a world-class standard in Dubai’s commercial corridor. These high quality, flexible commercial offerings provide a compelling value proposition in Dubai’s central business district,” said Gurjit Singh, senior vice president for real estate at Dubai World Trade Centre.

One Central is being designed to best-in-class quality standards and this phase will comprise international Grade A quality offices, which has achieved LEED Gold precertification from the US Green Building Council, the industry benchmark for green building performance covering design, construction, operations and maintenance.

In welcoming the award, Al Futtaim Carillion chief executive, Richard Howson, commented: “We are delighted to have been selected for this third phase of the One Central development. We look forward to continuing our close relationship with Dubai World Trade Centre to deliver this important development”.