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Saturday, November 28 - 2009

Tameer Holding presents new investment opportunity in the Emirates Modern Industrial Area

  • United Arab Emirates: Wednesday, May 02 - 2007 at 12:29
  • PRESS RELEASE

Five months after the completion of the Emirates Modern Industrial Area (EMIA) in Umm Al Quwain, Tameer Holding, the region's leading real estate organization, has announced the re-purchase of a land in 'EMIA', covering an area of 2, 450, 000 square feet from Al Safeer Group of Companies, at a value of AED 70 million.

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  • Emirates Modern Industrial Area in Um Al Quwain.
    Emirates Modern Industrial Area in Um Al Quwain.
This comes in line with Tameer's continuous commitment to ensure that investors can benefit from the opportunities of the land available, providing those with a unique chance to, again, purchase land in this distinctive industrial area. The Emirates Modern Industrial Area is considered a unique and valuable industrial venture for the country and represents the planning and vision of Tameer, who is continuously looking to provide real opportunities to investors.

Omar Ayesh, President of Tameer Holding said: "After completing and handing over the Emirates Modern Industrial Area, we thought that our mission was accomplished; however, it eventually became clear that the success the city witnessed is still ongoing. This is a clear indicator that "EMIA" project is indeed one of the biggest all encompassing commercial and industrial projects with complete services infrastructure, to be developed in Umm Al Quwain and is expected to contribute to the general development strategy of the emirate".

The Emirates Modern Industrial Area has been designed to meet the needs and requirements of commercial and industrial firms with a complete infrastructure and range of services. Situated parallel to the Emirates Road Highway, and 15 to 25 minutes away from Ajman, Sharjah, and Dubai, it features commercial shops that are each comprised with a mezzanine level and 2 floors with access to each road, in addition to attached industrial facilities (i.e. warehouses and worker's accommodation).

Tameer Holding had recently announced in December 2006 the completion of this venture, in an event that was held under the patronage of His Highness Sheikh Abdullah Bin Rashed Al Mualla, Deputy Ruler of Umm Al Quwain.
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Notes and media contacts

About Tameer:

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, Madeenat Al Majd in Jordan and Al Hanaa City, Tameer's largest project in Libya.

For more information, please contact:

Hunada Zein Edin
Corporate Communications Manager
Marketing Department
00971 6 599 5159

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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