Armada Group opens U.K. office

The Warrington office, located in Palmyra Square, near the Town Hall, will be primarily responsible for the administration of the several properties the company has sold in Dubai to the UK residents. The Armada Group will focus on expanding operations exponentially in the future depending on the available investment opportunities.

Dr. Mohammed Raheef Hakmi, Chairman, Armada Group, said: "The company has achieved phenomenal growth in the UAE and Middle East over the last few years. Now we are particularly keen to expand operations in the UK and are looking into the investment possibilities in large scale redevelopment in the public and private sectors. The Armada Group has already acquired land and property throughout the UK. Besides this, we are now forging ahead with developments throughout Europe, Eastern Europe and the Far East."

Armada sees Warrington and the North West as the ideal location for its offices, because of economy of services, an enthusiastic labor force and receptive authorities.

Mr. John McKenzie, General Manager of Armada's UK operations, will be responsible for future expansion of the business. He will play a key role in Warrington office gaining the confidence of international businesses and offering a central business network from there.

The Armada Group is currently undertaking projects with SMI-Hyundai and several other leading international corporations. The Warrington office will firmly establish a base for the company in seeking further beneficial business associations.

The company recently signed a AED 315 million agreement with CSHK Dubai Contracting (LLC), Group member of China State Construction Engineering (Hong Kong) Ltd, for the construction of Armada Towers, a massive undertaking, located at the Jumeirah Lake Towers, in the heart of new down-town Dubai.

In the UAE, Armada Group presently has four major residential developments, offering some of the most luxurious apartments of world standard. Apartments range from £70,000 up to £800,000. The smallest of the apartments starts with an area of 700 square feet. Currently apartments are being sold at pre-construction prices. The anticipated growth before completion in April 2007 is expected to be in excess of 60%.