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Phase I of Liwan infrastructure works to be completed by June 2007
- United Arab Emirates: Wednesday, May 02 - 2007 at 15:45
- PRESS RELEASE
Leading property developer Mizin has announced that work on Phase I infrastructure at its 13 million square feet Liwan project is progressing as planned and will be completed by the middle of this year.
Sami Al Hashmi, Chief Executive Officer of Mizin said: "Our work at Liwan has started and is progressing as scheduled. We hope to have all Phase I infrastructure ready according to plan, and expect to hand over plots to investors for development soon after.
"We are a company that prides itself on its innovative approaches in the real estate business. We are acutely aware of our responsibility towards our partners and ensure on-time delivery of promises by strictly monitoring our progress," he said.
Al Hashmi pointed out the Phase I infrastructure work at the Downtown of New Dubai - the 16.5 million square feet Majan development - was finished in May 2006, ahead of the initial completion date of September 2006.
Mizin's main differentiating philosophy is to provide phase I infrastructure, allowing developers the least possible lead-time in starting work on their projects. As a result, developers have the advantage of avoiding delays and consequent escalation in project costs.
"Our mission is to be a developer that does not over promise. We make sure that quality does not come at the expense of value or the timely delivery of projects. Our approach is guided by innovative planning, complete transparency, meeting customer expectations and the need for the sustainability of our communities.
In line with this philosophy, Mizin strictly ensures that infrastructure development on its three projects - Liwan, Majan and Arjan - progresses as originally scheduled. Mizin promises to further innovate and build on its unique approach for its forthcoming projects. Mizin's Phase II developments are progressing very smoothly as per the initially set plan and timeline.
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About MizinLaunched in September 2006, Mizin, a member of Tatweer, is a real-estate specialized company. Going the extra mile beyond the traditional concept of real-estate development, Mizin will introduce innovative ideas with unique value propositions and ensure implementation is inline with the highest international standards.
About Tatweer:
Launched in December 2005 Tatweer is one the region's most promising enterprises and a Member of Dubai Holding. It owns nine market-leading companies and managing an ambitious business development plan.
Its current portfolio is divided into Energy & Healthcare, Tourism & Entertainment, Industry & Knowledge. Its entities are Dubai Healthcare City, the region's hub for world-class quality healthcare services; Mizin, one of the most advanced real estate companies in the region; "The Tiger Woods - Dubai" an exclusive golf community that will include a Tiger Woods designed Golf Course; Dubailand, one of the biggest leisure, entertainment and tourism destinations in the Middle East region; Dubai Industrial City, an industrial township to develop Dubai as a leading manufacturing hub; Bawadi, the world's leading hospitality and entertainment project bringing 31 hotels and more than 29,000 hotel rooms; Dubai Energy, investing in regional and global energy opportunities and building a diversified investment portfolio; Dubai Mercantile Exchange, the first commodity futures exchange in the Middle East; Global Village, which brings together 160 different countries showcasing myriad cultures; and Moutamarat, the first Arab initiative organizing research-based conferences and exhibitions.
A Member of Dubai Holding, Tatweer and its entities will continue to consolidate a group of life-improving industries. In addition, it has pioneered the market with joint venture initiatives with leading companies such as the New York Mercantile Exchange or the Saudi Research and Publishing Company.
Tatweer will continuously strive for world-class performance implementing leadership development to drive and sustain business excellence, quality and high performance.
For Further Information:
Agency:
Tarek Sakik
Senior Account Manager
Jiwin the Public Relations Arm
Of Dubai Press Club
Phone: +971-4-3613593
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