Senegalese President discusses development of new administrative and financial capital

Tameer Holding the leading real estate developer in the region, with the aim to develop potential property investment relations between Senegal and Tameer, and to explore master development opportunities in that country, reinforcing Tameer's interest and presence in the African property market.

The meeting was held at Dubai's Shangri-La Hotel and underlines Tameer's successful record in launching mega-projects across major cities of the UAE and abroad, and is part of its strategy to augment its international position by creating the best investment opportunities around the globe.

The Senegalese President praised the distinguished projects of Tameer and its initiatives, inviting the company to make an entrance into the Senegalese market, highlighting the potential ramifications for this meeting that will mark a starting stage in Senegal's real estate market. Tameer delegation included Dr. Abdulla Shaaban, CEO - Tameer Abu Dhabi, Eng. Mohamed Moghrabi, Director of International Operations, Mr. Raed Aris, MD - Al Salam City, and Mr. Ahmad Abuljobain, VP Marketing.

The proposed venture aims to develop a mixed-use master development project covering a 250 square kilometers land area, accommodating up to 1.5 million people. This new city would be the new Administrative and Financial Capital of Senegal, and would house the Presidential palace and associates premises, all Governmental and Municipal buildings, as well as residential and office developments, shopping centers, leisure and entertainment facilities, and possibly sports, cultural, healthcare and education facilities. It is the vision of H.E. Mr. Wade that this city would be a state of the art 21st century style modern development.

Speaking of the meeting, Omar Ayesh, President of Tameer Holding said:" "We in Tameer are always looking to target new markets for and to continuously leave an impression on the real estate sector. Today, we are laying the foundations for playing a prominent role in the development of the real estate sector to one of the leading African nations.

"We consistently launch outstanding projects in different countries, from the UAE to the rest of Middle East, North Africa, Europe and Far East as part of our ambitious vision to serve society and its communities, with distinguished and unique quality projects. Our previous successes have spurred us on to achieve even more." he added.