Contractor appointed to world’s first crypto tower

A rendering of the crypto tower in Dubai. Photo: DMCC

The project, located in Dubai’s Jumeirah Lakes Towers (JLT), will provide purpose-built office space for blockchain, crypto, and digital asset companies.

NEB will oversee architectural design, engineering, regulatory approvals, and site supervision.

Crypto Tower is a joint initiative by DMCC, the JLT free zone authority, and REIT Development, a Dubai-based technology and infrastructure company.

The tower is expected to serve as a hub for more than 700 crypto and blockchain companies already based in DMCC, part of a wider ecosystem of over 3,400 technology firms.

Ahmed Bin Sulayem, executive chairman and CEO, DMCC, described the apointment as a defining milestone in its vision for the world’s first commercial tower dedicated to Web3 and digital assets.

He 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.

“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.”

Karen Kriska, VP of Operations, Crypto Tower, added, “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.”