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Waha Land commences construction works on phase 1 of Almarkaz

  • United Arab Emirates: Monday, December 13 - 2010 at 16:56
  • PRESS RELEASE

Waha Land, the real estate subsidiary of Waha Capital, the Abu Dhabi-based diversified investment holding company, announced the commencement of construction on Phase 1 of its mixed-use industrial development Almarkaz.

The company also confirmed the appointment of System Construct as the contractor for building 90,000 square metres of light industrial buildings and Bin Hafeez General Contracting as the contractor for construction of the infrastructure works in the initial phase of the project.

The first group of industrial units is planned to be handed over by the end of the second quarter of 2011 along with the sectional completion of infrastructure works.

Salem Rashid Al Noaimi, CEO of Waha Capital said:
"We are very happy to announce the appointment of SYSTEM Construct and Bin Hafeez Contracting as contractors for the first phase of the project. They share our strong commitment to professionalism, excellence, team-work and timely delivery. We look forward to working closely with them to deliver a high quality project that provides premium warehousing and light industrial space to the Abu Dhabi market."


HazemSaeed Al-Nowais, COO, Waha Land said, "Almarkaz offers several unique advantages to investors and end-users. The infrastructure and building mix has been specifically designed to meet the needs of start-ups as well as small or large enterprises and recognizes the requirement of businesses to grow and easily upgrade to larger premises over time without major relocation."

The Almarkaz project is divided into four phases, the first of which will occupy 1.5 square-kilometres. Phase I will feature220,000 square metres of warehouses, 285,000 square metres of light industrial units, 90,000 square metres of small light industrial units, 19,000 square metres of commercial space, and 5,000 square metres of office space.

Mr. Saeed Al Mazroui, CEO and Managing Diretor, Bin Hafeez Contracting said: "We are delighted to be working with Waha Land to build Almarkaz and we look forward to playing an important part in developing a project that will contribute to Abu Dhabi's industrial growth. We will be working closely with the entire Waha Land team to ensure the timely delivery of Al Markaz. "

Fadi Chehabeddine, Managing Director of System Construct said, "System Construct is very proud to have been named the main contractor for the light industrial units of this landmark project. Almarkaz promises to set new benchmarks in industrial infrastructure development in Abu Dhabi and we will be making sure that the light industrial units maintain the highest standards of quality and safety."
The commencement  of construction on Phase 1 of its mixed-use industrial development Almarkaz.
The commencement of construction on Phase 1 of its mixed-use industrial development Almarkaz.
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