Tameer announces 95% completion of Emirates Modern Industrial Area

The announcement comes as successful industrial and commercial developments across the UAE are at an all time high.

The Emirates Modern Industrial Area is an ambitious project that differs significantly from most other projects being executed at present, due to its large scale and exclusive focus on industrial interests. The design of the area incorporates commercial, industrial and residential activities, featuring labour camps, shops and large scale storage areas. The entire industrial area has been constructed on a total space of approximately 80 million sq. feet at a cost of USD 68.2 million (250 Million Dirhams).

"Vast projects like this are nearly always subject to inevitable delays or logistical problems that slow its progress. However our Industrial Area has been fortunate to reach this stage of its construction without suffering from any postponements." Tameer Holdings President Omar Ayesh said.

"This is quite an accomplishment considering what is involved in bringing this development to fruition and what the finished product will be like. Essentially we have built from scratch the equivalent of a miniature city with a fully operational infrastructure that has a complex transportation system. The total length of it roads amount to 60 kilometers, with the width of its main streets at about 60 meters while it's sub-streets are at 40 meters." Added Ayesh.

"This development so far has been very popular; gaining much interest from prospective investors and this is not surprising. The location itself is perfect and only amounts to a 15 to 25 minute drive from Ajman, Sharjah and Dubai. Our Industrial area is an excellent opportunity for successful and sensible investors to take advantage of." Concluded Ayesh.

Tameer Holding earlier announced the complete selling of the Emirates Modern Industrial Area's lands, which had witnessed a large circulation of activity last year, where buying & selling transactions broke record levels, achieving more than AED. 500 Million.

Formed through a strategic partnership between Al-Rajhi Investment Group & Tameer Property Establishment, Tameer Holding had entered the thriving UAE property market with the world's tallest tower "Princess Tower", located in Dubai Marina, the Dana 1 & Dana 2 projects in International City, AlSalam City in Umm Al Quwain, Al Ameera Village in Ajman and Al-Ameera Tower, Sharjah's tallest residential tower. Today, the firm's investment portfolio in the market totals AED 40 billion.