Innpro to develop 1 billion dirham hotel complex on The Palm
- United Arab Emirates: Sunday, August 18 - 2002 at 17:27
- PRESS RELEASE
International project developers Innpro International have signed an agreement with the Dubai Palm Developers LLC. The deal confirms Innpro's intention to build a 1 billion dirham hotel complex on the west marina of The Palm, Jumeirah.
The Innpro development on The Palm, Jumeirah's west marina will cover in excess of 200,000 sq ft and is set to include a hotel combined with a shopping, entertainment and health complex. The Palm will be home to 4 marinas in total (2 on each island) together capable of berthing up to 400 yachts.
"Innpro International is a welcome addition to the growing list of first-class property developers and hotel groups that have already signed deals with The Palm. We now eagerly await to see Innpro's unique development take shape", said Sultan Ahmed Bin Sulayem, Executive Chairman of Ports, Customs and Free Zone Corporation and Executive Chairman of The Palm.
Innpro has previously developed several hotels, shopping-areas and office buildings and have a range of competencies including planning, project development, project investment, construction management, project guiding, finance and marketing. They are currently involved in developing a number of projects in Cologne including the 'abc-tower' in the airport business centre; extension to the Cologne University; congress hotel building and office tower; and a congress hall.
In addition to the soon to open Dubai office Innpro has offices in Germany, Switzerland and the UK.
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The creation of The Palm is an extraordinary project of grand proportions. Comprised of approximately 100 million cubic meters of rock and sand, each island will eventually support 50 luxury hotels, 2,500 exclusive residential beachside villas, up to 2,400 shoreline apartments, two marinas, water theme parks, restaurants, shopping malls, sports facilities, health spas and cinemas.
The vision of The Palm was conceived by His Highness General Sheikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Defence Minister. Construction commenced in June 2001 after many years of research and planning. Both islands will take approximately two years to be completely raised from the sea. A further two to three years will be required to complete the infrastructure and the buildings. The end-result will be the creation of two virtually self-contained communities within the islands.
Issued on behalf of The Palm by Gulf Hill & Knowlton, Dubai. For further information please contact Susan Crabb or Basma Alwesh on telephone 00 971 4 334 4930 or fax; 334 4923 or email scrabb@hillandknowlton.co.ae
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Posted by Anne-Birte Stensgaard, News Editor



