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UAE’s TASWEEK to pursue real estate growth engines

New strategies and directions towards company IPO announced in 6th Annual General Meeting.

TASWEEK Real Estate Development and Marketing, an advisor, consultant and solutions provider serving the property markets, announced plans to pursue growth prospects in promising segments such as smart technologies for food and beverages (F&B), entertainment and sports during its 6th Annual General Meeting in May of 2015.

The corporate board was also reelected during the assembly, ensuring the continuity of TASWEEK’s expansion efforts.

Since its inception in 2009, TASWEEK has emerged as a respected industry player offering one of the best international property portfolios in the Middle East. To mark its sixth straight year of strong business performance, the company plans to explore potential joint ventures and new markets to achieve higher levels of organizational excellence and growth.

One segment TASWEEK is eyeing is smart F&B technologies, which is expected to grow its sales values by an average of eight percent annually through 2019. Around 19,000 additional F&B outlets are expected in the UAE by 2019, making F&B a potentially lucrative sector for real estate development. With consumer confidence growing across the GCC and market demand expected to grow towards Expo 2020, TASWEEK expects entertainment projects, sports activities, community developments and mega-projects such as Dubai’s ambitious Mall of the World to gain more traction and interest.

“Although TASWEEK is proud of how it has managed to become an industry leader in the span of just six years, we recognize the importance of constantly aiming higher and broadening our market reach. With our leadership intact and our business performance as sharp as ever, we intend to make our presence felt in markets that are not that familiar to us but which promise excellent levels of return for our business and for our clients. We are also open to forging new partnerships that will enable us to jointly seek prime opportunities,” said Masood Al Awar, CEO, TASWEEK Real Estate Development and Marketing.

TASWEEK Real Estate Development and Marketing has been a real estate industry innovator and leader for over 20 years. Its flexible investment structures enable investors to actively participate in its global portfolio of prime properties. The firm’s services include Purchase and Sale of Strategic Assets; Asset Management; Joint Ventures, Acquisitions, and Strategic Alliances; and Marketing Consultancy.