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Tameer sign AED 100 million contract with Gensler for Tameer Towers in Abu Dhabi

  • United Arab Emirates: Wednesday, February 28 - 2007 at 13:15
  • PRESS RELEASE

Tameer Holding, the region's leading real estate company, have contracted Gensler to design its leading project 'Tameer Towers' in Shams Abu Dhabi, with a deal that values at AED 100 million.

Located on Reem Island, "Shams Abu Dhabi" is considered as one of the most magnificent real estate development projects in the nation's capital.

The signing comes after the strategic alliance between Sorouh Real Estate and Tameer Holding was formed to develop the Abu Dhabi Towers and the Gate District at SHAMS Abu Dhabi. That agreement between those two firms is unprecedented to Abu Dhabi's real estate sector and is the biggest one in the country to date. The total cost of the entire project is expected to reach AED 13 billion ($ 3.5 billion).

"Gensler is a highly reputable firm and is currently the biggest architectural firm in the world - thus their contribution is sure to add value to this ambitious development and fulfill our strict expectations. Their vast experience will contribute to our expanding portfolio right across the region, including those based here in the UAE." said Mr. Omar Ayesh, President of Tameer Holding. "Today, the country has seen investment flow for its properties come from a large number of international sources. This has fueled the huge realty boom in this region, making it the most attractive location for investments from all over the world."

He added:

"We at Tameer are seeking to continually provide the best in design and performance. Our leadership in this field has been made possible due to our pioneering ideas and the willingness to traverse new ground in the investment field that no one had taken before. Gensler will contribute to the artistic merit that we strive to exhibit in all of our leading projects both inside and outside the country, in addition to the functionality of the project whereby it will become the destination of choice for business people and families alike. As usual, we will develop this project on time and according to international standards of construction and design".


Mr. Ayesh further emphasized that the development will feature a design that is based on creativity and innovation on an area of several million sq ft. Situated between the signature location of Central Park and the sea, the spot promises to be the most exquisite and extravagant site on Reem Island.

Speaking of this new development Dr. Abdallah Shaaban, Chief Executive Officer of Tameer Abu Dhabi said, "Tameer Towers are destined to become the recognizable landmark in Abu Dhabi's fashionable skyline and will be a motif of the style we typically exhibit in the development of our projects, symbolic of Tameer's strict adherence to quality.'

'We highly appreciate this unique partnership that will see the development stand proud as one of the tallest towers on Abu Dhabi's skyline. The project will include a commercial tower, which will be considered one of the tallest worldwide in its class.' said Christopher Johnson, Managing Principal of Gensler. 'The Tameer Towers will be considered 'state-of-the-art' in every aspect of its design and implementation and we are proud to work with such a distinguished firm to help bring this project to completion. '

The project will comprise of several stylish towers including residential towers, an office tower, deluxe hotel and serviced apartments, restaurants, outside cafes and walks, providing a serene and peaceful atmosphere for all to enjoy.
Mr. Omar Ayesh, President of Tameer Holding and Mr. Christopher Johnson, Managing Principal of Gensler. 
Mr. Omar Ayesh, President of Tameer Holding and Mr. Christopher Johnson, Managing Principal of Gensler.
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About the Company

The journey of Tameer began in 1991. Tameer, a UAE based company, has grown and expanded over the years with the aim of becoming the leading property developer in the region. In 2005, Tameer Holding formed a strategic partnership with Al-Rajhi Investment Group and today the firm's investment portfolio in the realty market totals over AED 150 billion.

Currently, Tameer Holding is developing key projects in UAE, such as AlSalam City in Umm Al Quwain city, and Al Ameera Village in Ajman, with the world's tallest residential tower "Princess Tower", located in Dubai Marina. This was followed by other key projects in Dubai such as the Al Dana 1 & Al Dana 2 projects, Al Shahd Tower on the Emirates Hills, Al Jawzaa in International City, The Regal Tower in Business Bay, The Palace Towers in Dubai Silicon Oasis, Elite Residence in Dubai Marina and Imperial Residence in Jumeirah Village.

In addition to these projects in UAE, Tameer has numerous international developments including the ground breaking Tameer project in Yemen with a mixture of residential & tourism developments, Al Majd City in Jordan and Tameer's largest project in Libya.

For more information, please contact:

Hunada Zein Edin
Corporate Communications Manager
Marketing Department
00971 6 599 5191

Rola Shalak
Assistant Manager, Corporate Communications
Marketing Department
Tel: 009716 599 5161

Mariam Keblawi
GM - Public Relations
SAHARA
00971 6 573 7018
www.saharagcc.com

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