Local company the National Engineering Bureau (NEB) will oversee the design, engineering, approvals and on-site supervision of the project, a purpose-built commercial space tailored for companies specialising in the blockchain, crypto and digital assets.
Its 17 storeys will have 150,000-sq-ft of leasable space, with nine office floors, for companies specialising in venture capital, investment and AI.
Crypto Tower is a joint initiative by the Dubai Multi Commodities Centre (DMCC), a sovereign wealth fund-run free-trade zone, and real estate company REIT Development.
Jamil Jadallah, the NEB’s chief executive, said: “Crypto Tower is set to become a cornerstone of the digital economy in the UAE, and we are committed to delivering a service that reflects its innovation, ambition, and impact.
“At NEB, we have always believed in shaping the future of urban development – and this project exemplifies that ethos.”
Ahmed Bin Sulayem, DMCC’s executive chair, said: “Serving as a physical anchor for DMCC’s growing community of over 3,400 tech companies – including more than 700 within our Crypto Centre – the tower will provide premium, purpose-built office space for the next generation of digital enterprises.”
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