Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Tamouh steps up activity on projects  Join our daily free Newsletter

MENAFN - Khaleej Times - 23/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Abu dhabi-based real-estate developer tamouh has scaled up construction activity on all of its announced reem island projects to meet the rising demand for prime spaces in the capital city.

tamouh is well-positioned to meet the growing demand for premium residential and commercial spaces within abu dhabi and benefit from the proximity of reem island to the capital’s city center tamouh’s chairman nadir al hammadi said.

spread across 6.5 million sqm reem island is one of the few premium areas allocated for freehold developments in abu dhabi. since 2006 tamouh has been tasked with developing 60 per cent of the island’s master plan as a ‘city within a city’ over an area of 3.3 million sqm.

the number of residents in tamouh’s projects on the island is expected to reach 100000 in the future in addition to a population of daily visitors and professionals working in the office towers or in the hotels.

the company’s current offerings within reem island include marina square which was completed in 2011 paragon bay and city of lights currently under construction.

marina square tamouh’s first project on reem island is home to more than 8500 residents. the community offers 3440 residential units comprising of studios one- to four-bedroom apartments and luxury villas all smart-home enabled.

paragon bay with its facade overlooking the sea is a community mall that houses more than 100 specialty retail and dining choices that will cater to reem island’s residents as well as to visitors and tourists.

meanwhile city of lights which is fast taking shape along the water’s edge over 144 acres is set for gradual completion from 2014 to 2016.

“we are currently focusing all of our construction activity on city of lights a mixed development community as we plan to deliver the project in phases within the next two years. there are currently nine towers under construction seven of them are residential and two are for offices and commercial use” says joe ong tamouh’s managing director.

— haseeb?khaleejtimes.com


 


Khaleej Times




  MENA News Headlines
 Mar 3 2015 - FDI in Qatar posts USD30.65bMENAFN
(MENAFN) Foreign direct investments (FDI) inflow to Qatar registered USD30.65 billion at the end of 2012, a 1.2 percent growth from a year ago. Though the FDI has targeted various economic activities ...

 Mar 3 2015 - Oman's Raeco to invest USD395.75m for power expansionsMENAFN
(MENAFN) A total of USD395.75 million will be invested by Rural Areas Electricity Company (Raeco) in the next three years to raise the power generation capacity, transmission lines and distribution ...

 Mar 3 2015 - Kuwait Investment to cut US investmentMENAFN
(MENAFN) The Kuwait Investment Office (KIO), the London branch office of sovereign wealth fund Kuwait Investment Authority, is gradually reducing its overweight stance on US assets after keeping that ...

 Mar 3 2015 - Oman's NDC hits sales revenue of USD60.47m in 2014MENAFN
(MENAFN) National Detergent Co. (NDC), one of the leading FMCG companies in the sultanate, has posted total sales revenue of USD60.47 million for full-year 2014, compared with USD56.13 million a year ...

 Mar 3 2015 - 100 per cent rise in FDI expected this yearKhaleej Times
(MENAFN - Khaleej Times) Egypt expects 100 per cent increase in foreign direct investment, or FDI, during the current fiscal year compared to last year, Investment Minister Ashraf Salman said on ...

 Mar 3 2015 - Record 86 exhibitors participate in ME ElectricityKhaleej Times
(MENAFN - Khaleej Times) Shaikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, inaugurated the 40th edition of Middle East Electricity (MEE) which takes place until ...

 Mar 3 2015 - Jebel Ali Free Zone opens service centre in Jafza SouthKhaleej Times
(MENAFN - Khaleej Times) Jebel Ali Free Zone, or Jafza, the flagship free zone operation of Dubai and the trade and logistics hub for the wider Middle East Region, has inaugurated its new integrated ...

 Mar 3 2015 - Dubai International passenger traffic grows 7.7 percent in JanuaryMENAFN
(MENAFN) Dubai International began new year on high note as the airport handled record 6.9 million passengers in January, indicating an increase of 7.7 percent due to holiday traffic and the annual ...

 Mar 3 2015 - Egypt looks forward to 2015Khaleej Times
(MENAFN - Khaleej Times) The Egyptian economy has passed through difficult times and 2015 looks set to be a banner year for offerings, economic experts reiterated at the EFG Hermes 11th Annual ...

 Mar 3 2015 - Key GCC projects remain insulatedKhaleej Times
(MENAFN - Khaleej Times) Major investment projects that are part of GCC strategic initiatives, such Dubai Expo 2020 and the 2022 Fifa World Cup in Qatar, are likely to remain insulated from the ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help