Mongolian development company signs LOA with Nikken Sekkei

Ulaanbaatar /MONTSAME/ The "Mon Uran" Mongolian development company has singed with Nikken Sekkei a Letter of Agreement (LOA) to design a landmark tower in Ulaanbaatar, reported constructionweekonline.com website on April 2. The agreement requires Nikken Sekkei to design a mixed-use project that will cost in excess of $300mn once completed,it says. The tower will be situated in 1.1 hectares of prime city centre real estate, with a built up area of 110,000m2, situated just 10 minutes' walk from Sukhbaatar Square, the location of the Government House. Dubai-based Dr. Fadi Jabri, general manager of Nikken Sekkei's Middle East and Asia office, said: "This project is another example of our innovative design and energy saving technologies. It follows on from other regional project wins such as designing the $1bn headquarters of the Saudi Stock Exchange, or Tadawul. "We are hoping to display this as well as some of other projects at Cityscape Global, Dubai in September.". The tower will reach almost 300m over 68 floors and will feature a five-star hotel, serviced apartments, high quality office space and a shopping mall. It will be completed in December of 2018. Commenting on the accord, B.Oyunchimeg, CEO of Mon Uran LLC, said: "We chose Nikken Sekkei because this project requires high quality and vision and we believe that they have the right credentials to deliver such a design."