Bonyan Group to showcase 'Eye of Ajman' project at Cityscape Abu Dhabi 2009

With aims to attract more investors amidst the current economic climate, the developer also revealed that it will be offering special rates for the remaining plots within the massive community development.

Company officials have disclosed that the earthwork for the project has recently been completed and that they are gearing up to commence the second phase of construction.

Located approximately 20 minutes from Dubai at the Al Hamidiyah region and 10 minutes from Ajman Corniche, the 'Eye of Ajman' project incorporates a total of 109 plots, which can accommodate buildings that ranges from G+5P+17 to G+9P+60.

During its participation, Bonyan Group will highlight the outstanding features of its high profile city development in its stand (6D20, Hall 6), including the outstanding lake and garden views for all the towers, ample parking spaces for residents and visitors, and a well-planned lay-out for the roads within the community.

The developer is also aiming to ensure, that motorists and pedestrians can easily move around the city, which is also easily accessible via the Emirates Road.

Anas Atatreh, Vice Chairman of the Board, Bonyan International Investment Group (Holding) L.L.C, said:

"Amidst the challenges within the real estate market, our continuing operations, as well as our participation in events such as 'Cityscape Abu Dhabi 2009', underlines our unwavering commitment to deliver our project and meet the expectations of our investors."

"We aim to assist willing investors to acquire a high potential investment within 'Eye of Ajman' by offering special rates, thereby making it an even more attractive option to foreign and regional investors. We are confident that we will gain excellent sales within the event," Atatreh added.

Recent developments in the construction progress of the master-planned city development include the awarding of the earthworks contract to RAM Road Contracting L.L.C.. Furthermore, the developer also announced its aims to fully leverage the signed agreement between the Ajman Government and Malaysia-based power producer Malaysian Mining Corporation (MMC) to build the first coal-fired power plant in the region. Upon the completion of this energy initiative, all tenants within the 'Eye of Ajman' project will have continuous electricity supply for their comfortable use.

"As a result of the various initiatives of the Ajman Government to advance the emirate's infrastructure; end-users, investors and businessmen from across the globe are steadily taking notice of Ajman as a viable destination for their various endeavours. As part of our growth strategy, we fully support all of the efforts being undertaken by the Ajman Government, and we pledge to continually build a lasting and positive reputation for the emirate through the quality and international appeal of our projects," concluded Atatreh.