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60% of Mizin's Remraam infrastructure completed on schedule
- United Arab Emirates: Monday, January 19 - 2009 at 15:33
- PRESS RELEASE
Mizin, a member of Tatweer, today announced 60% of the infrastructure works for the 23.5 million sq ft Remraam community has been completed, while excavation works for foundations of 71% of the buildings have also been finished.
Contractors have been working simultaneously on several stages of construction across the four phases of Remraam development and work continues on building the sub and super-structures of the buildings.
The community's infrastructure includes sewerage, water supply and irrigation works. Mobilization is currently underway for electrical sub-stations in collaboration with Dubai Electricity and Water Authority (DEWA). Currently pouring of concrete into the foundations is in progress to create sub structures. Concurrently, superstructure work has begun on buildings in several phases as construction has surged ahead.
Ahmad Sharaf, CEO of Tatweer Investments, said:
"The accelerating progress at Remraam development reiterates Mizin's core values, transparency and customer focus, as we remain committed to delivering a high quality product to our stakeholders within the scheduled timeframe."
The development is projected to have over 15,000 workers and engineers over the course of construction, making Remraam one of the largest development sites in the
UAE.
Remraam is Mizin's fourth development, following the successful launch of the three communities, strategically located within Dubailand; the 13 million sq. ft. Liwan project, the 20 million sq. ft. Arjan development, and the 16.5 million sq. ft. Majan development.
Accelerating Progress on the Remraam site.
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Posted by Rana Mesbah
Monday, January 19 - 2009 at 15:33 UAE local time (GMT+4)
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About Mizin:
Mizin, a member of Tatweer, aims to become the developer of choice in the UAE, by combining business acumen with expertise and customer insights, supported by a service that is confident, transparent and genuine.
Since its inception in 2006, Mizin has already launched three strategically located communities, Liwan, Majan, Arjan that cover a total area of over 70 million square feet. Each of these developments focuses on creating a unique environment, thus enabling a unique lifestyle; Majan - the dynamic, cosmopolitan downtown of Dubailand, Arjan - an art-deco inspired metropolis and Liwan - the 'gateway to New Dubai,' modelled on modern architectural styles, offering the eclectic lifestyle of a modern suburb.
Mizin's fourth development, Remraam, is the best selling development to date in the UAE, selling over 8,000 units within 7 months. Conceived to fill a prominent gap in the market, Remraam meets the needs of families looking to have an affordable yet upscale lifestyle, founded on unparalleled quality standards.
Mizin is currently working on a series of innovative developments of varying usages such as iconic towers, new retail and entertainment concepts as well as niche oriented residential and mixed use developments
Mizin will continuously place the needs of property buyers first, developing projects with people's lifestyles and aspirations in mind.
About Tatweer:
Tatweer is a member of Dubai Holding and one of the largest and fastest growing business conglomerates in the region. Tatweer's name is synonymous with some of the most ambitious developments in Dubai and an equally extensive portfolio of prestigious projects in the pipeline.
Launched in December 2005, Tatweer owns and manages a strategic group of entities across six diverse industry verticals: Leisure and Entertainment, Commodities, Healthcare, Hospitality, Manufacturing, and Real Estate. The operations are strategically grouped under two distinct divisions - Tatweer Dubai and Tatweer Investments.
Tatweer Dubai will focus on project development within the UAE and advance strategic long term partnerships such as Partners-Harvard Medical International; the internationally renowned golfer Tiger Woods; IRCA Global, and Universal Studios. Tatweer Dubai's entities comprise Dubai Healthcare City (DHCC), the region's hub for world-class quality healthcare services; Dubailand, the world's most ambitious tourism, leisure and entertainment destination; The Tiger Woods Dubai, the exclusive golf community home to the world's first Tiger Woods designed golf course; Bawadi, the largest hospitality, shopping and entertainment cluster in the world; Dubai Industrial City, a township to develop Dubai as a leading manufacturing hub; IRCA Middle East, a joint venture with International Risk Control Association IRCA Global, South Africa to provide comprehensive pure risk management solutions to a wide spectrum of industries in the MENA region; Global Village, bringing together 160 different countries showcasing myriad cultures; and the Parks & Resorts Dubailand featuring Universal Studios Dubailand, Dreamworks Dubailand, Six Flags Dubailand, Legoland Dubailand, Marvel Dubailand, Freej Dubailand and HIT Entertainment.
Tatweer Investments will drive Tatweer's foray into international markets, leveraging its synergy with leading global strategic partners. It will extend Tatweer's existing intellectual property portfolio and generate innovative IP driven investments and partnerships overseas. The entities under Tatweer Investment's portfolio include Mizin, pursuing a vision to become the real estate developer of choice in the UAE; Dubai Mercantile Exchange, the premier international commodity futures exchange in the Middle East; and new businesses in the food and beverage industry forged through alliances with leading international brands.
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