Aswaaq centres will house friendly and vibrant supermarkets complemented by quality shops and services in the heart of each neighbourhood across the development. These centres will also cater to diverse communities through a unique shopping ambience and global product offerings.
'This MoU will allow both DWC and Aswaaq to share relevant real estate information, which in turn ensures the success of any future projects at Dubai World Central,' said Khalid bin Harib, CEO Real Estate, Dubai World Central.
'As the biggest development project in the UAE, DWC aims to provide investors and future residents the best on offer in terms of developments and lifestyle facilities. Aswaaq's novel concept was a perfect match for DWC's real estate development ambitions.'
The Aswaaq supermarket chain and adjoining stores will ensure premium product delivery to future Dubai World Central residents, thanks to a wide variety of products and brand names, in addition to attractive store designs and enjoyable shopping experience.
'Aswaaq PJSC under formation is a leading company in developing shopping centers in the region and with our first community centre projects due to be launched in the fourth quarter this year, we will be ready to provide our full range of consultancy in developing community centres for DWC,' said Abdul Baset Al Janahi, CEO of Aswaaq.
Dubai World Central will have civic, commercial and residential areas that will eventually be home to 900,000 people. Close to 53,000 people will live in DWC Residential City's phase 1, which saw its phase 2 development sell out in less than 24 hours in March, and will cover a total of 140 hectares which will include residential apartments, tourist attractions, hotels and malls.
Community Centres to be an integral part of DWC
Dubai World Central (DWC), the 140 square kilometre urban aviation community in Dubai, United Arab Emirates, and Aswaaq, a public joint-stock company (under formation) have signed a Memorandum of Understanding (MoU) to explore community centre development opportunities at DWC.
- United Arab Emirates: Wednesday, April 23 - 2008 at 11:06
- PRESS RELEASE
Notes and media contacts
About Dubai World Central:Dubai World Central (DWC) is a 140 square kilometre urban aviation community centred around the world's largest international airport. Currently being built 40 kilometres from the existing Dubai International Airport the project is almost twice the size of Hong Kong Island.
DWC creates a new benchmark in urban planning and destination living designed to support Dubai's aviation, tourism, commercial and logistics requirements until 2050 and represents one of the most important developments in the history of the United Arab Emirates.
Eventually home to 900,000 people, DWC will be true 'city-within-a-city' with all the amenities that make up a world-class residential destination.
DWC, with infrastructure costs estimated at US $33 billion, comprises six specialized clustered zones: Al Maktoum International Airport, Dubai Logistics City (DLC), DWC Commercial City, DWC Residential City, DWC Aviation City and DWC Golf City.
DWC is endorsed by the Government of Dubai and is chaired by His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai City of Aviation Corporation - Dubai World Central, Government of Dubai.
About Dubai World Central components:
Al Maktoum International Airport when completed will be the world's biggest passenger and cargo hub, with a capacity of 120 million passengers and more than 12 million tonnes of cargo annually. The airport will have six parallel runways and as many concourses with a 91 metre high control tower that will be an aviation landmark in the Middle East.
Dubai Logistics City (DLC) will be part of the world's first truly integrated multi-modal logistics platform in a single-bonded free zone environment made up of DLC, JXB and Jebel Ali Port. It is designed as the region's unchallenged logistics hub catering to some two billion people throughout the Middle East, Indian Sub-continent, Africa and the CIS, all within three-to-four hours flying time from Dubai.
DWC Aviation City will be the region's premier centre of excellence for aviation manufacturing, MRO, aviation support services and consultancy, research and development, training, aviation products and parts and high tech industries. It is a unique concept to establish a complete aviation cluster in one area to cater to the region's aviation growth. It is strategically located to provide clients access to emerging markets as well as servicing the fast growing Middle East market.
DWC Commercial City will be DWC's business and finance hub featuring more than 850 towers, ranging from 1 - 45 storeys in height. The city, expected to employ 130,000 people, will also boast 25 hotels ranging from deluxe, through to five-star, four-star and three-star properties.
DWC Residential City will include a mix of five-ten storey mid-cost apartment blocks. Up to 250,000 people are expected to live in this 'city'. A special staff village will house blue-collar workers within high-quality accommodation.
DWC Golf City will feature two 18-hole golf courses, extensive practice facilities, driving ranges, putting greens, a luxury clubhouse with restaurants and a pro-shop. Over 5,000 freehold homes will surround the courses. The resort will also feature a high-end boutique hotel.
For more information on DWC please contact:
MCS/Action, PO Box 20970, Dubai, United Arab Emirates
Gladson Ronad
Tel: +9714 390 2960;
Fax: +9714 390 8161
or
Fouad Kassem
Tel: +9714 390 2960;
Fax: +9714 390 8161
or visit www.dwc.ae
For more information on Aswaaq, please contact:
Hind Al Falasi
Relations Manager
Aswaaq
Tel: 04 - 3601569
Posted by Lara Lynn Golden, News EditorWednesday, April 23 - 2008 at 11:06 UAE local time (GMT+4)
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Index : Company News : Dubai World Central (DWC)
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