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Sunday, November 22 - 2009

Ground leveling and internal roads in Awali City to be completed by month's end

  • United Arab Emirates: Sunday, October 26 - 2008 at 12:55
  • PRESS RELEASE

One of the leading real estate investors in the region, Awali Real Estate Investments, developer of Awali City in the emirate of Ajman, announced that infrastructure works are progressing according to the planned schedule, and according to the high standards agreed upon by all contractors.

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  • Works on Awali City site.
    Works on Awali City site.
The announcement was made during a site visit led by Awali's Managing Director, Ali Al Nemer, accompanied by Eng. Adil Al Saqir of Adnan Safarini Engineering Consultants, to establish the progress made thus far.

Ram Road Contracting has completed 80% of ground leveling work and temporary internal roads, to be completed by the end of October, while soil testing and architectural plans for the buildings are 100% complete. The plans were submitted to the municipality for certification, with plans for parking being adjusted according to the new standards issued by the government of Ajman.

During his visit to the project site, Al Nemer said: "We are happy with the progress the project is making. What is important to us, here at Awali, is that all work is done according to schedule and that infrastructure works are executed according to plan, all according the highest international quality standards.

"These works are managed in the field by a group of expert and specialized personnel. Awali Company is dedicated to dealing with the top experts globally to ensure high-quality services to the company's clients and investors,"


he added.

Al Nemer said the more he visits Ajman, the more he discovers the emirate's ability to compete through its opportunity-filled property market, fitting legislations and its investment-attracting climate. Al Nemer mentioned that the emirate has the potential to surpass others in the upcoming period.

He went on to say that Ajman did not stop at launching big projects, but that it followed a well-designed strategy to run development plans through, establishing a solid infrastructure fit for attracting leading architectural projects. Ajman is currently developing infrastructure services at a cost of more than Dhs1.4bn.

The Awali Mega City was launched in co-operation with the Ajman government's property investment establishment at the beginning of this year, serving as debut for this renowned developer in the Ajman real estate market. The project is a self-contained, state-of-the-art, city-size development spread over an area of 33 million square feet along the Emirates Road, and includes 136 plots of land designated for residential and commercial use. Awali City will offer a number of 17 to 50-storey towers, which will accommodate more than 120 000 people.

Awali Real Estate Investment recently awarded Adnan Saffarini Engineering Consultants a Dhs65m contract for the architectural design, supervision and engineering consultancy services of 15 residential and commercial towers in the Ajman-based project.

The 15 towers include eleven 32-storey towers, which will form the Northern and Southern Gates of the city, and four 50-storey towers, which will form the City's entrance from the Emirates Road.
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Notes and media contacts

About Awali Real Estate Investments
With an ambitious vision based on understanding of the regional needs, Al Nemer Group eyes the leading position in the MENA real estate market, to which end it has launched an aggressive expansion strategy with special focus on forging strategic alliances with the region's leading firms. The Group has founded an independent real estate group that adopts advanced levels of corporate governance practices and the highest of technical standards to ensure excellent work progress and to maintain sustainable development.

Awali Group's transparency and performance have contributed to the establishment of Awali Real Estate Investments; a duly incorporated UAE firm based in Dubai, founded by the KSA based Al Nember Group as part of the mother company's plans to expand across the region, capturing a chunk of the booming real estate market in the region, particularly in the GCC.

Awali made its debut in the UAE real estate market with the mega Awali City project on the Emirates Road in Ajman, which was launched in cooperation with Ajman Government's Property Investment Establishment at the beginning of 2008. The company has a number of plans for expansion within the UAE, in Ajman, Dubai and Abu Dhabi, as well as further afield in KSA and other GCC and Arab countries.

Al Nemer Group, Mother Company to Awali, has more than 40 years' experience in the KSA real estate market and has co-founded a number of real estate companies, such as Jenan Real Estate and Mawten Real Estate. The group has also co-founded a number of companies in the financial and aviation sectors in GCC, such as Arbah Capital, Watan Financial Investment, Awali Financial Supporting Services, Financial, Afaq Aviation, United Holding Company and the Dubai based USOS Real Estate, in alliance with Dubai Islamic Bank, as well as establishing a number of strategic partnerships.

For further information, please contact:
Serine Srouji
SAHARA Communications
Tel: +971 4 3298996
Fax: +971 4 3298995

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