CTBUH Global News

Banking Giant Confirms New Dubai Headquarters to Open Next Month

Dubai, United Arab Emirates – 20 June 2018

Banking giant HSBC expects to open its $250 million (AED918 million) Middle East headquarters located in Downtown Dubai in July 2018, a company spokesperson confirmed.

"We are looking forward to welcoming HSBC colleagues into our new building from July through to August, as planned," a representative from the bank told Construction Week.

London-headquartered HSBC, which claims to be one of the biggest banks in the world, announced plans to build its new office in Dubai in January 2016.

German Formwork Technology (GFT) says it has worked on the project, and pictures on its website appear to show various images of wall formwork for HSBC's new building, which was under construction at the time.

HSBC has not revealed details of which company constructed the tower, but GFT lists Multiplex as the project's contractor.

The HSBC Tower Dubai website also names the Australian-headquartered builder – formerly called Brookfield Multiplex– as the project's "general contractor," with Broadway Malyan named executive architect.

According to a Bloomberg report cited by Arabian Business in 2016, the 20-story tower was to be built by Abu Dhabi developer Gulf Resources Development and Investment, who would then sell it to HSBC Bank Middle East Limited.

For more on this story, go to Construction Week.
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