Waha Land showcases latest construction works of 'Almarkaz' at Abu Dhabi Cityscape
- United Arab Emirates: Sunday, April 17 - 2011 at 16:54
- PRESS RELEASE
Waha Land, the real estate subsidiary of Waha Capital, one of the leading financial investment firms listed on Abu Dhabi Securities Exchange takes parts in the upcoming edition of Abu Dhabi Cityscape scheduled to open on April 17-20 at Abu Dhabi National Exhibition Center.
Salem Rashid Al Noaimi, Chief Executive Officer of Waha Capital said, "We, at Waha Capital, are working around the clock to complete phase 1 of Almarkaz which includes all construction works and project infrastructure development as this phase is scheduled to be completed prior to the end of this year, with the first 30,000m² of light industrial units to be handed over to our clients in the private and public sectors by the third quarter of 2011."
Al Noaimi pointed out that the Cityscape Exhibition provides the ideal platform to update the company's clientsto the latest development of the works at the Almarkaz project.
"This ties in with the company's strategic plan designed to promote principles of transparency in all the projects and programs undertaken by our company in the various economic and business sectors. This step illustrates our commitment to the timely delivery of this strategic project and in the meantime, we are keen on keeping investors and those interested updated on the latest progress of the project," he added.
Waha Land Chief Operating Officer, Hazem Saeed Al-Nowais expressed satisfaction over the efficient implementation and progress of the project's construction plans. He also affirmed the company's commitment to the timely delivery of the project and to move forward in accordance with the already planned stages of implementation.
He pointed out that the project will be divided into four phases. "Phase 1 includes site preparation and completion of the project infrastructure works. It also features 90,000sqm of small light industrial facilities. All the four phases will be completed withinthe next four years," he added.
In addition to being one of the leading specialized projects in the Emirate of Abu Dhabi that ideally meets requirements of industrial firms, "Almarkaz is flexible in design, offering a wide range of tenant and investor options as well as a unique well planned building mix that has specifically been designed to meet the needs of emerging small and large enterprises. It would fulfill present and future requirements of businesses aiming to grow and allows them to easily upgrade to larger units over time without major relocation."
What characterizes Almarkaz most is its strategic location near the capital city of Abu Dhabi with a fully interconnected network of highways that provide ease of access to the city and the nearby ports. The project location can also be easily connected with Al Ittihad Railway project currently being constructed in the UAE with direct access to other GCC countries, Al Nowais explained.
Furthermore, the project implements the latest environmentally friendly materials and technologies. It also offers advanced infrastructure and service facilities for tenants and project owners that include a business service center, commercial offices, retail areas and mosques, Al Nowais concluded.
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