Volume # 10 | October, 2014

UAE Freezones Biz News Updates

Mohammed tours Cityscape

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Prime Minister and Vice President of the UAE and Ruler of Dubai visited this year’s Cityscape Global that entered its second day on Monday.

Sheikh Mohammed later toured some of the pavilions at the Dubai International Convention and Exhibition Centre, accompanied by Sheikh Hamdan Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, and Sheikh Maktoum Bin Mohamed Bin Rashid Al Maktoum, Deputy Ruler of Dubai and president of the Dubai International Financial Center.

He also made a stop-over at the Falconcity stand.

Salem Al Moosa, Chairman & General Manager of Falconcity showed Sheikh Mohammed the major landmarks and architectural wonders from around the world that will be built in the multi-purpose mega project being developed across Sheikh Mohammed Bin Zayed Road.

His Highness Sheikh Mohammed Bin Rashid Al Maktoum was impressed on the layout and design of Falconcity of Wonders and specially the “Pyramids Park”, which will occupy the west side of more than 41 million square feet of land and shaped to represent the falcon development.

During this year’s edition of Cityscape Global, Falconcity of Wonders will also announce the completion of 202 villas, located in the Western Residences of the Falconcity of Wonders, in addition to tie ups and collaborations with international service providers and investors to operate and invest within the Community Center like Hypermaket, kids nursery.

Falconcity of Wonders will have a dedicated team of professionals available throughout the three-day exhibition to promote the project and accommodate those who would like to know more about the project.

Sheikh Mohammed reviewed the latest projects displayed by real estate and tourism companies across the UAE as well as other investment projects that aim to boost the country’s economy and help create job opportunities.

Commencing his tour, Sheikh Mohammed stopped at the pavilion of Meraas Holding Group and was briefed by its Chairperson Ahmed Mohammed Al Habbai on the group’s latest construction and recreational projects.

Sheikh Mohammed also viewed the group’s “La Mer” project that located at Dubai’s exclusive beachfront district Jumeirah in the vicinity of Pearl Jumeirah Island.

Meanwhile, Global property exhibitors taking part in the 13th edition of the Cityscape Global described the Dubai property market as very lucrative.

The developers confirmed that the opening day of the event on Sunday has been very successful and positive towards their respective major projects.

Besides the global participants, local property developers both from the UAE and GCC also expressed optimism at the robust realty sector, adding that the strength of the industry is much stronger than the pre-recession period, when the property industry was at its peak.

Now the phenomenon is different, as tough RERA regulations and stringent property laws have made the sector more powerful, as only serious players remain at the helm.

Business has been brisk, as developers say they have registered potential buyers for their respective projects.

Shurooq
The Sharjah Investment and Development Authority (Shurooq) is also showcasing a portfolio of its projects at this year’s event.The authority is showcasing a number of development projects, including Al Jabal Resort ñ The Chedi Khorfakkan, Sir Bu Nuair Island, the Heart of Sharjah, Al Bait Hotel, the Kalba Eco-tourism project.

Ahmed Obaid Al Qaseer, COO of Sharjah Investment and Development Authority (Shurooq) said: ‘Each of Shurooq’s varied range of projects have been planned with the aim of making the maximum possible positive impact on their immediate environments. We take great care to ensure that matters such as sustainability and ecological impact of each development are taken into consideration. Furthermore, each project is designed to allow for collaboration between local and international concerns.”

Sep 23, 2014

Free Zones Of UAE

Volume # 10 | October, 2014

UAE Freezones Biz News Updates

Courtesy Gulftoday.ae

Emirates Of UAE

Business

UAE Offshore