• HSBC

Mizin consolidates construction work on Remraam community

  • United Arab Emirates: Tuesday, April 07 - 2009 at 10:17
  • PRESS RELEASE

Mizin, the real estate property developer and a member of Tatweer, announced that it was consolidating the construction of all phases of its Remraam community and awarding the contract to the project's main contractor, Dubai Civil Engineering.

The amalgamation of construction will allow Mizin to leverage efficiencies in different areas including quality, consistency and time management and is driven by recent changes to contractor capacity. DCE is already responsible for the construction of nearly 50% of the community.

The decision follows an extensive review and consultation process designed to maximize value and deliver a high quality product within the scheduled timeframe.

Ahmad Sharaf, CEO of Tatweer Investments, said:
"The amalgamation of the construction contract bears testament to Mizin's commitment to maximizing value and to delivering a high quality product to stakeholders within the scheduled timeframe. With the ongoing construction work on the Remraam community in progress, the project is set for rapid progression towards its scheduled timeline completion."


Mizin has confirmed that construction across all phases of the community continues as scheduled, and that the consolidation of construction will facilitate management of the project development schedule.

Nashat Sahawneh, Chairman of DCE said, "We are happy with the confidence that Mizin has placed in DCE. The recent change in capacity will allow developers to seek further added value and we are fully committed to complete the project in line with Mizin's requirements and timeframes."

Dubai Civil Engineering was established in Dubai, UAE, in February 1985 and has since been upgraded, to the unlimited category, which is the highest classification in existence.

DCE is now one of the leading contracting companies in the area with a proven track record of major project implementation. With an efficient workforce of over 7000 employees, DCE has its own Design department and a Specialist Construction division, which facilitates the design, development and the execution of the latest in construction technologies.

Mizin also announced that 65% of the infrastructure works for the 23.5 million sq ft Remraam community has been completed, while excavation works for foundations of 82% of the buildings have also been finished. In addition, 45% of all buildings have had foundations poured and selected buildings have reached the sixth floor.
Remraam's construction works.
Remraam's construction works.
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Notes and Media Contacts »

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 largest 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.

Tatweer currently focuses 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's entities comprise Dubai Healthcare City (DHCC), Dubailand, The Tiger Woods Dubai, Bawadi, Dubai Industrial City, Global Village, IRCA Middle East, Mizin, and Dubai Mercantile Exchange.

For Further Information, Please Contact:
Agency:
Dina Samhout
Associate Account Manager
Jiwin Public Relations
A member of the Media Services Group
Phone: +971-4-3755247

Ghaith Nazzal
Senior Account Executive
Jiwin Public Relations
A member of the Media Services Group
Phone: +971-4-3692926

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