'Tameer' announces 60% execution of Emirates Modern Industrial Area

The project is considered one the Tameer's distinct masterpieces whose idea is based on developing commercial, industrial and residential city with vast streets and integrated services.

The Emirates Modern Industrial Area project has made great progress in a record time. The flattening works have been fully executed while the work is still on going in road works and waters network according to the time-table laid down by Tameer to make ends meet.

For his part, Mr. Omar Ayesh, the Tameer Holding President has confirmed that the Emirates Modern Industrial Area had witnessed a large circulation activity within the last four months where buying & selling have been processed reaching more than AED. 500 Million assuring the importance of the Emirates Modern Industrial Area, which received since it had been announced till now a large response from the local & foreign investors from different countries.

'There is no doubt that the Emirates Modern Industrial Area is considered a qualitative addition to the industrial areas in the UAE in particular and the region's countries in general. It will certainly constitute a major turning-point in the industrial areas concept through providing services and facilities for who is interested in the investment in it,' added the Tameer Holding President.

The Emirates Modern Industrial Area, which is characterized by its location parallel to the Emirates Highway giving it a smooth & easy access to different emirates. The Emirates Modern Industrial Area is only 15 - 25 minutes away from Ajman, Sharjah and Dubai. It has been designed to allow building a ground floor (commercial shops), mezzanine and two levels onto each street. On the rear, it is designed for industrial purposes (warehouses and workers' accommodation). Therefore, it is ideally considered the investor's optimal choice in a time the industrial sector has witnessed a growth within the last years reaching 166% as a result of raising the industrial investment from AED 23 Billion in the year 2000 to AED 62 Billion last year.

Through its participation in the Cityscape Dubai last year, the Tameer Holding announced the full selling of the 'Emirates Modern Industrial Area's' lands. This city, which also includes plots for residential & commercial purposes as well as industrial purposes, costs AED 250 Million including the infrastructure building cost. The industrial area is built on a total space of approximately 80 million sq. feet. Tameer has sold out lands to the buyers interested in establishing industrial, residential and commercial projects after executing the development within its property projects spreading all over the UAE.

It is worth noting that the Tameer Holding is a result of a strategic partnership between Al-Rajhy Investments Group & Tameer Real Estate. Its investment portfolio in the market is amounted to AED 40 Billion. The company works on developing a number of qualitative projects in the UAE like, Al-Salam City in Umm Al-Quwain with investments reaching AED 30 Billion on an area of 220 million sq. feet and the 'Al-Amira Village' project the company is building in Ajman with investments reaching Dhs 1.2 Billion. It has also entered the Dubai real estate market with the 'Dubai Princess,' the world's tallest residential tower, in Dubai Marina and the Dana1 & Dnan2 projects in the International City. It has also entered the Sharjah's real estate market with the Al-Amira Tower, the tallest residential tower in Sharjah.