DMCC, the international business district supporting global trade through Dubai, and REIT Development have appointed the National Engineering Bureau (NEB) as the official design and supervision consultant for Crypto Tower.
This will be the world’s first commercial tower dedicated to Web3 and digital assets.
The tower will be located in the Jumeirah Lakes Towers (JLT) area and is set to offer commercial space specifically designed for companies operating in blockchain, cryptocurrency, and digital assets.
NEB to oversee construction of Web3-focused Crypto Tower in Dubai
The appointment of NEB marks a significant phase in the development of the project, which is aimed at supporting the infrastructure needs of growing technology sectors.
NEB, which has operated in the UAE for over four decades, will be responsible for all aspects of architectural design, engineering, approvals, and on-site supervision.
The firm has been involved in delivering a range of complex developments and has prior experience within the JLT area.
“The appointment of the National Engineering Bureau marks a defining milestone in realising our vision for the world’s first commercial tower dedicated to Web3 and digital assets. 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. It will also accelerate the transformation of Uptown Dubai and Jumeirah Lakes Towers into two of Dubai’s most dynamic business districts, reinforcing DMCC’s position as a global hub for crypto, Web3, and advanced technologies,” Ahmed Bin Sulayem, Executive Chairman and CEO, DMCC said in a statement.
“We are thrilled to partner with the National Engineering Bureau as our trusted design and supervision consultant. NEB has an extraordinary legacy of designing and supervising hundreds of buildings across Dubai, including many iconic projects in the JLT area. Their deep knowledge of the local regulatory environment, paired with their track record of architectural innovation, makes them the perfect partner to bring Crypto Tower to life as a landmark destination for the Web3 community,” Karen Kriska, VP of Operations, Crypto Tower added.
Crypto Tower is a joint initiative between DMCC and REIT Development. The project is expected to act as a central hub for the more than 700 crypto and blockchain companies currently based in DMCC, which are part of a broader ecosystem of over 3,400 technology firms.
DMCC continues to invest in infrastructure supporting the digital economy, aiming to attract high-growth businesses and strengthen Dubai’s role as a centre for Web3, fintech, and emerging technologies.
“Being selected for this visionary project is a proud moment for NEB. 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. We look forward to leveraging our decades of experience and deep-rooted presence in Dubai to deliver a landmark that stands as a symbol of the UAE’s leadership in technology and smart infrastructure,” Jamil Jadallah, CEO, National Engineering Bureau explained.
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