Dubai, 29 April 2007 - Dubai Contracting Company (DCC) has commenced ground breaking work for construction of the dramatic O14 Tower at Business Bay in cooperation with local consultants ERGA.

The Dhs 300 million project is being developed by Creekside Development Company, owned by Al Baraka Islamic Bank, and is due for completion by 1st quarter of 2009.

The 22-storey commercial tower offers contemporary and luxurious finishes throughout.  Features include restaurant and convenience store, roof top terrace, valet parking, and a minimum of 8 parking spaces per office.

Designed by award-winning architects Reiser and Umemoto RUR of New York, O14 Tower is remarkable for its lace-like faade which carries the 22 levels of custom-designed office floors without the barriers created by conventional columns and walls, providing exceptional levels of light, air and views.

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About the architects:
Reiser-Umemoto were finalists in the design of the BMW factory in Leipzig, for which they won the 2002 AIA Design Award.  They also won the 2002 Graphics Design Annual award, and were among those selected to put forward design proposals for the World Trade Center site in New York.

About AlBaraka Islamic Bank:
Al Baraka Islamic Bank, headquartered in the Kingdom of Bahrain and regulated by its Central Bank, is a proud member of AlBaraka Banking Group (ABG), which holds the interests of a number of Islamic financial institutions incorporated in Algeria, Bahrain, Egypt, Jordan, Lebanon, South Africa, Sudan, Tunisia and Turkey. AlBaraka Banking Group (ABG) is one of the biggest Islamic financial institutions around the globe, covering three continents and controlling a total paid-up capital of around USD$ 1 billion.

For over 20 years, AlBaraka Islamic Bank has pioneered the development of Islamic banking and finance. Established in 1984, the Bank has developed into a leading diversified Islamic financial institution. Today, their operations cover Kingdom of Bahrain, the GCC and Pakistan, where they provide a wide range of services for a large base of customers who aspire to conduct their financial affairs in accordance with Islamic Sharia'a.

About Dubai Contracting Company LLC
DCC is a leading international construction company headquartered in Dubai.  The company has an excellent reputation for quality and boasts a portfolio of projects that spans continents and features some of the finest landmarks in the Gulf region and beyond.

For more information, please contact:
Roger Fennings
Perspective Public Relations
Tel: +971 4 364 2414
Fax: +971 4 369 7635
Email: pr@perspectivepr-me.com 

© Press Release 2007