Emirates Financial Towers signs an agreement with Al Qurq for Engineering Consultancy to complete work by end of 2008

Al Qurq will start constructive works from the beginning of next month, and be complete by the end of 2008.

"We had chosen Al Qurq Company for the credibility the firm has in the market and with them we intend to deliver the project on time." said Mr. Hani Abu Auida, EFT Chief Executive Officer.

"We are keen through the signing of this agreement to maintain our uniqueness and a level of high quality for this project. We have designed the towers in a way that compliments and reflects the modern sophistication and style of the region's money and investment world. Accordingly, the EFT's construction itself is being characterized with speed and ambition; once it has been complete, its clientele can expect a high level of quality service." he added.

Dr. Ahmed Majid Altaha, Al Qurq Engineering Consultancy General Manager, assured the firm's commitment to the high criteria that will make the EFT an example of high class design, addressing the needs of modern investors in the region. He also said that this project will be characterized by many various and unique aspects, especially with the delivery and the presentation of a high level of quality that echoes international standards, suitably apt for today's modern investor.

The Emirates Financial Towers is a twin tower development consisting of 26 floors of Grade-A office space, retail offices, and residential units. Coalescing premier commercial and residential space, the architects of this widely anticipated project have presented a unique design that features a distinctive elliptical profile with an embedded transparent Sky Bridge. The project also has an advanced car parking facility, designed by Robotic Parking Systems from the United States, which is the first of its kind in the Middle East and is planned to contain 1,200 fully automated parking spaces.

With the agreement signed by Mr. Hani Abu Auida, EFT Chief Executive Officer and Eng. Faisal Abdullah Al Qurq, Chairman of Al Qurq Engineering Consultancy, the total project budget for the development is approximately AED 550 million (USD$150 million).

The venture based in the Dubai International Financial Centre (DIFC) is one of many prestigious projects being constructed in Dubai's future financial hub and is recognized as the signature development of the district.