Located on Sheikh Zayed road, the project involves the construction of a 78-storey, mixed-use tower that will contain offices, a five-star hotel, residential apartments and a penthouse.

The total planned built-up area is 44,000 square metres.

Tasameem has not said if or when it plans to issue tender documents for the contract to build the tower, on which UK-based Atkins is the consultant.

Tasameem is also developing projects in Abu Dhabi. In April 2008, it awarded South Korea’s STX Group a $180m contract to build a residential development in the Mussafah district of the city.