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DUBAI / WAM
Mashreq, one of the UAE’s leading banks, announced on Monday that it will begin construction of its new corporate headquarters later this year. The Bank, which has been headquartered out of Deira since it began operations almost 50 years ago, will now be headquartered in Downtown Dubai. Arabian Construction Company (ACC) will construct the new tower, having been awarded a 28 month contract. Construction of the tower is set to commence in December of this year, with the completion date penciled in for April 2019, and will be located on the Dubai Financial Centre Road/ Mohammed bin Rashid crossing, in the Burj Khalifa District.