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Thursday, November 12 - 2009

Tanmiyat Group weathering economic storm

  • United Arab Emirates: Tuesday, January 06 - 2009 at 13:28
  • PRESS RELEASE

Despite the recent spate of cutbacks in the region, resulting from the global financial crisis, the investment and real estate development company, Tanmiyat Group, has announced that all of its projects will be going ahead and that it has no plans to lay off any of its employees.

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  • Abdullah bin Abdulaziz Al Majed, Vice Chairman of Tanmiyat Group.
    Abdullah bin Abdulaziz Al Majed, Vice Chairman of Tanmiyat Group.
The firm is confident that it is progressing on a positive path despite the current market slump, according to senior company officials.

Mr. Abdullah Al Majed, Vice Chairman of Tanmiyat Group, said:
"The global economic crisis that is looming large over us all has had a profound effect on various markets throughout the world. At a time like this, we feel it is vitally important to maintain productivity, not only for the sake of boosting our clients' and investors' confidence, but also to ensure that the jobs and futures of our employees are safeguarded."


Tanmiyat has established long-term good relationships with its employees. Should any crises arise, communication, support and advice will be available to all staff to help them perform and deliver efficiently.

Tanmiyat Group's ground-breaking projects in the Middle Eastern real estate sector include the Living Legends in Dubailand, the Commercial Heights project in Dubai's Business Bay and the $3bn Ajman Marina development.

Originally based in Saudi Arabia, Tanmiyat's success has seen the firm expand beyond the borders of its home country and establish operations throughout the Middle East and beyond.
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Notes and media contacts

About Tanmiyat:
Based in Saudi Arabia, Tanmiyat Group is an investment company and real estate developer in the Middle East region. Tanmiyat was established in 1982 and began to develop its investment programs in the real estate market, successfully launching a series of massive projects and quickly gaining a leading position in the region. With an experienced staff, including creative engineers, designers and other professionals, Tanmiyat has a large number of projects currently being developed across the Middle East, including in KSA, the UAE, Turkey, and Jordan.

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