Friday, November 24, 2006

Plaza Mayor launched

Makaseb, Ishraqah and Ta’sees announced the joint venture project of Dh3bn worth 'Plaza Mayor'. The joint venture agreement was signed by Hisham Abdul Ghani, Founder of Makaseb Holding Ltd., Hesham El Far, CEO, Ishraqah and Saad Ibrahim Al Moosa, President of Ta’sees.

The Plaza Mayor is situated in Jumeirah Village. It is inspired by its Spanish namesake and will cater to local sensibilities by absorbing UAE market preferences. The Plaza Mayor is expected to cover approximately 3 million square feet of built up area, with a ground surface area of over half a million square feet.

The towers will offer parking and retail level with a premium 4-storey hotel with 80 five-star rooms. The towers will have 45 levels of premium office space. The Plaza Mayor project is expected to act as a key commerce and tourism driver on completion.

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