Tuesday, October 17, 2006

Tameer Holding to develop property in Sanaa

Leading property developer Tameer Holding has established a joint venture with a Yemeni partner to develop a multi-million dollar residential, commercial and recreational projects in the capital Sanaa, a senior company official said on Monday. "In Jordan, we have a vast project being constructed called Al Majd City. Recently we unveiled projects worth over $20 billion in Libya, which will span over 40 square kilometers. This is just the beginning as we intend to push further into other markets and expand our name," Tameer Holding CEO Ali Al Khudairi said.
The real estate major said in a statement that it recently partook in the MIPIM Asia Exhibition that was held in Hong Kong from Sept.27 to 29.

The event, designed to publicise property development across the Asian region, showcased the most sophisticated and elegant projects currently under development in the Asian Pacific and wider areas. Held at the Hong Kong Convention and Exhibition Centre, Tameer Holding's stall was visited by a record number of visitors and other exhibitors, curious to view first hand examples of the phenomenal rate of development occurring in the UAE and some of the most stylish properties in the region.

"Over a short period we have successfully managed to become one of the most highly regarded and trusted property developers in the World. As always with these international exhibitions, we are grateful to have the opportunity to represent Dubai and the UAE and show how progressive and advanced the Middle East is becoming. Our participation at MIPIM was a resounding success," Khudairi said.

Tameer's partaking comes after its involvement in a sequence of prestigious real estate exhibitions internationally. Since the start of the year, the firm's busy itinerary has included the Dubai Property Show in Dublin, the MIPIM in Cannes and the Russian exhibition Realtex.
Some of the major projects the firm has embarked on include Umm Al Quwain-based Al Salam City, the Elite Residence in the Dubai Marina, Dhs13 billion Abu Dhabi Towers and Shams Abu Dhabi.

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