Tanmiyat Investment Group launches Ajman Marina Development
Saudi firm Tanmiyat Investment Group, have announced the launch
of the "Ajman Marina". The announcement was recently made during
a signing ceremony held in Ajman in the presence of Sheikh
Rashid Bin Humaid Al Nuaimi, Chairman of Ajman Municipality and
Planning Department. The firm is to develop the biggest tourist,
residential and commercial project in the emirate, with the goal
of it to become the classiest development in Ajman.
This project is going to be located on an area that exceeds 12
acres near to the Kempenski Hotel, where high class tourist,
residential and commercial buildings are to be constructed. This
project is opened to all nationalities who wish to own their own
units according to the emirate's freehold policy.
"This agreement is like the crowning for all the efforts Ajman
has made in implementing its laws and legislations that are
efficiently contributing to attracting important investors here,
to develop vital projects, which the emirate is in need of. This
is the fruition of the plans we have made for the next several
years, as part of our recently announced development program."
said H.H Sheikh Rashid Bin Humaid Al Nuaimi.
The Launch of the "Ajman Marina" sees the emirate augmenting the
development of its tourism and residential sectors, giving a chance
for all medium and high income citizens to own private residential
units. The project includes a yacht club, residential towers that
have a view of the Marina and the shores; in addition to
restaurants, entertainment facilities, hotels, offices, and many
other buildings and units that will be later announced.
"Developing Ajman Marina is the first step in the huge turnaround
for the emirate that is already witnessing a great cultural
renaissance in many different sectors especially construction", said
Sheikh Suleiman Bin Abdul Aziz Al Majid, Chairman of Tanmiyat
"Tanmiyat's interest in Ajman demonstrates the trust they have in
the investment opportunities we have made available; in addition to
the laws and legislations that attracts investors from all different
nationalities", he added. He also praised the ambitious vision of
His Highness, Ruler of Ajman, and his encouragement for Arabic
Tanmiyat Group is currently developing a number of important
projects in Dubai, including the "Asateer" project in Dubai Land and
the four Commercial Heights in Business Bay. Its "Dubai Marina
Tower' has been totally sold out, and its vast project the Umm Al
Quwain Industrial Zone has already generated huge revenues. These
two projects were sold before construction works were completed. The
Group is also preparing itself to develop a project in the Dubai
Financial Center that will include a hotel, offices, residential
apartments, and commercial center. It is worth to mention that
Tanmiyat Investment Group is one of the region's leading property
firms, with its main offices located in K.S.A. It has a long history
and wide experience in the domain of developing properties on its
own shores, in addition to the U.A.E, Lebanon, Jordan and Turkey.
Ms. Maryam Rayyan
SAHARA - PR Dept.
Tel: 06- 5737018 Fax: 06- 5737019