Dubai based McARTHUR + COMPANY, an international shopping center development and leasing firm, is proud to announce that its latest project Mall of Qatar is setting new customer service standards for Qatar’s malls as the nation’s first super regional shopping center.
The mall, which is owned and developed by Mall of Qatar W.L.L in collaboration with turnkey contractors UrbaCon Trading & Contracting (UCC), is estimating, based on research conducted by T&L Associates, to attract in excess of 20 million visitors in 2016 with a steady 5% annual increase, and a 10% increase in 2022 with FIFA being hosted in Qatar.
Residents of Qatar will be the front-runners of this new age of mega-mall shopping with the highly anticipated opening of Mall of Qatar. Scheduled for the Q1 2016, providing 5-star service in the management mandate, Phil McArthur, Managing Director and Founder of McARTHUR + COMPANY said “There’s a significant demand for quality integrated shopping, dining and entertainment facilities in the retail sector in Qatar. Spend and dwell time increases dramatically in malls that provide excellent guest services including spotless public restrooms, convenience, entertainment and a wide array of dining options, all of which is among Mall of Qatar’s many advantages.”
With the increasing attraction of ecommerce, developers around the world are forced to reevaluate and revisit their strategy for malls. McArthur says, “It’s no longer simply about shopping; it’s about what a mall can offer aside from shopping. People like to see people, and you can only get that desired social experience at the mall, not online. This being said, a mall needs to be conducive for shoppers to return.”
Mall of Qatar is steering this trend of mall development by listening to their customers’ demands. The mall has been carefully designed to cater to a wide demographic and all age groups. Not only will Mall of Qatar possess one of the best live and dedicated entertainment venues in the world with different performances each evening, but will also boast an unrivaled and endless food offering. It is a truly wonderful evolution that is representative of market aspirations.
On top of this, the mall will house some of the most sought-after international brands that have not yet been glimpsed in the city before. Mall of Qatar’s bravado and aspiration to create the finest customer experience in the country has not gone amiss. The mall has already signed commitments for over 75 percent of its retail space and has a large number of eager retailers on a waiting list.
Having worked with some of the leading developers worldwide, McArthur comments “Mall of Qatar is by far the most passionate; they are true believers in excellence, quality and setting new standards. The customer comes first and this is reflected in their pace of construction, the entire flow and layout of the mall which is both functional yet beautiful, and ultimately the caliber of architects and consultants Mall of Qatar works alongside. It is a truly wonderful evolution that is representative of market aspirations.”
The rigorous team at Mall of Qatar endlessly strives to be the best in every category. Their meticulous attention to detail is unique not just in the GCC region, but also in international markets. Mall of Qatar boasts one of the world’s best infrastructures and road networks. The mall will provide the most user-friendly access and the best parking experience in Qatar, as well as being directly linked to the Doha Metro and adjacent to Al Rayyan international station.
The mall will be an entertainment district that compliments the national greater vision to attract entertainment and cultural initiatives, as well as health efforts. This is not just a mall for 2016; this is the centerpiece of a master planned community that will soon welcome neighboring residential developments, schools and the FIFA World Cup Stadium. Mall of Qatar will be humming with excitement and success.
Qatar presently may have one of the lowest penetrations of mall space per capita in the GCC at .30 meters per capita, however the nation’s major initiatives including the development of shopping malls such as the prestigious Mall of Qatar, Doha Metro, the new Hamad International Airport as well as numerous international sporting events such as FIFA, will herald in a new era for the country.
Tuesday, June 9, 2015
Monday, June 1, 2015
MEED Names GCC’s Projects Of The Year
Ten of the GCC’s flagship projects have been named the region’s projects of the year by the Middle East's leading supplier of business intelligence services, MEED.
Qatar Foundation’s Qatar Faculty of Islamic Studies Building Project (entered by ASTAD Project Management) has been named as the region’s project of the year at the MEED Quality Awards for Projects 2015, in association with Mashreq. The project was also named the GCC’s UCC UrbaCon Trading & Contracting Social Infrastructure Project of the Year.
Qatar’s other regional winner was The New Doha International Airport Passenger Terminal Complex - CP 18 Project by the New Doha International Airport Steering Committee (entered by Sky Oryx Joint Venture: Taisei – TAV JV) which won the GCC’s Transport Project of the Year, sponsored by Hyder, an Arcadis Company.
John Iossifidis, Executive Vice President, Group Head – Corporate & Investment Banking, Mashreq Bank, psc., headline sponsor of the awards, praised the winners for their unwavering commitment to the highest standards of quality. “Adherence to quality standards ensures optimum delivery of a project’s intended benefits, and for this we congratulate the winners for their resolute commitment to project excellence that continues to set the benchmark not just for the region, but also for the rest of the world.”
Saudi Arabia-based projects scooped a trio of awards: the Siemens Energy Hub Project by Siemens Energy (nominated by Hyder, an Arcadis Company) was named the GCC’s Daman Industrial Project of the Year; the Jabal Omar Project Phase 1 by Jabal Omar Development Company (nominated by Schneider Electric) was named the GCC’s Building Project of the Year; and the Qurayyah Independent Power Plant Project by Hajr Electricity Production Co. was named the GCC’s Power & Water Project of the Year.
Bahrain scooped two regional awards – the GCC Oil & Gas Project of the Year for the Awali Oil Field - Tatweer Petroleum Project (nominated by New Water Corporation); and the GCC’s Ramboll Sustainable Project of the Year for the Ministry of Works’ Muharraq STP and Sewer Conveyance Project (nominated by Muharraq STP Company).
The UAE’s Emirates AquaTechnologies Caviar Factory LLC Project by Bin Salem Holding (nominated by Emirates Aqua Tech) was named winner of the GCC CH2M Award for Innovation; while Oman’s Alila Jabal Akhdar Resort Project by the Oman Tourism Development Co (OMRAN) - which was covered in my previous post - won the GCC’s Drake & Scull Leisure & Tourism Project of the Year award.
Kuwait’s Structural Renovation of the Grand Mosque Project by the Ministry of Awqaf & Islamic Affairs (nominated by PACE) was named the GCC’s Small Project of the Year.
Two special awards were also handed out during the ceremony – The MEED Editor’s Award for Leadership, given to His Excellency Mattar Al Tayer, Chairman, Roads and Transport Authority (RTA); and The MEED Editor’s Award for Outstanding Achievement in Project Delivery, which was presented to the Al Maryah Island Project Team, Mubadala Real Estate & Infrastructure.
The MEED Quality Awards for Projects 2015, in association with Mashreq, is now in its 5th year and this year was the biggest year to date. “We received a record number of entries, marking yet another successful year for the awards,’’ said Richard Thompson, Editorial Director, MEED. “The growing number of entrants is a reflection of the continuing strength of the projects sector in the region, with more projects being completed year-on-year. At the same time, the interest in the awards continues to reinforce their position as the benchmark for project excellence in this part of the world.’’
Qatar Foundation’s Qatar Faculty of Islamic Studies Building Project (entered by ASTAD Project Management) has been named as the region’s project of the year at the MEED Quality Awards for Projects 2015, in association with Mashreq. The project was also named the GCC’s UCC UrbaCon Trading & Contracting Social Infrastructure Project of the Year.
Qatar’s other regional winner was The New Doha International Airport Passenger Terminal Complex - CP 18 Project by the New Doha International Airport Steering Committee (entered by Sky Oryx Joint Venture: Taisei – TAV JV) which won the GCC’s Transport Project of the Year, sponsored by Hyder, an Arcadis Company.
John Iossifidis, Executive Vice President, Group Head – Corporate & Investment Banking, Mashreq Bank, psc., headline sponsor of the awards, praised the winners for their unwavering commitment to the highest standards of quality. “Adherence to quality standards ensures optimum delivery of a project’s intended benefits, and for this we congratulate the winners for their resolute commitment to project excellence that continues to set the benchmark not just for the region, but also for the rest of the world.”
Saudi Arabia-based projects scooped a trio of awards: the Siemens Energy Hub Project by Siemens Energy (nominated by Hyder, an Arcadis Company) was named the GCC’s Daman Industrial Project of the Year; the Jabal Omar Project Phase 1 by Jabal Omar Development Company (nominated by Schneider Electric) was named the GCC’s Building Project of the Year; and the Qurayyah Independent Power Plant Project by Hajr Electricity Production Co. was named the GCC’s Power & Water Project of the Year.
Bahrain scooped two regional awards – the GCC Oil & Gas Project of the Year for the Awali Oil Field - Tatweer Petroleum Project (nominated by New Water Corporation); and the GCC’s Ramboll Sustainable Project of the Year for the Ministry of Works’ Muharraq STP and Sewer Conveyance Project (nominated by Muharraq STP Company).
The UAE’s Emirates AquaTechnologies Caviar Factory LLC Project by Bin Salem Holding (nominated by Emirates Aqua Tech) was named winner of the GCC CH2M Award for Innovation; while Oman’s Alila Jabal Akhdar Resort Project by the Oman Tourism Development Co (OMRAN) - which was covered in my previous post - won the GCC’s Drake & Scull Leisure & Tourism Project of the Year award.
Kuwait’s Structural Renovation of the Grand Mosque Project by the Ministry of Awqaf & Islamic Affairs (nominated by PACE) was named the GCC’s Small Project of the Year.
Two special awards were also handed out during the ceremony – The MEED Editor’s Award for Leadership, given to His Excellency Mattar Al Tayer, Chairman, Roads and Transport Authority (RTA); and The MEED Editor’s Award for Outstanding Achievement in Project Delivery, which was presented to the Al Maryah Island Project Team, Mubadala Real Estate & Infrastructure.
The MEED Quality Awards for Projects 2015, in association with Mashreq, is now in its 5th year and this year was the biggest year to date. “We received a record number of entries, marking yet another successful year for the awards,’’ said Richard Thompson, Editorial Director, MEED. “The growing number of entrants is a reflection of the continuing strength of the projects sector in the region, with more projects being completed year-on-year. At the same time, the interest in the awards continues to reinforce their position as the benchmark for project excellence in this part of the world.’’
Friday, May 29, 2015
ALILA Continues Oman Expansion
Alila Hotels and Resorts announced its plans to open its second luxury resort development in Oman in Mirbat east of Salalah, a coastal town in the Dhofar governate, in southwestern Oman. The development is owned by Alil Salalah, a subsidiary of the Oman Investment Fund.
“After the successful launch of Alila Jabal Akhdar, our first luxury development outside Asia located in Oman’s Al Hajjar mountain range, we are honored to expand our collection of luxury resorts in the Middle East, particularly in the Sultanate,” comments Mark Edleson, President, Alila Hotels & Resorts. “Salalah is another unique micro-environment in Oman with its tropical monsoons, special culture and the beautiful beaches of Mirbat. We can now offer our guests the Hajjar Mountains and Mirbat beaches in one Oman holiday. Furthermore, we look forward to deepening our relationship with the Oman Investment Fund.”
Slated to launch in the second half of 2017, Alila Salalah is envisioned as a unique ecologically sensitive luxury destination resort, comprising 100 suites, 25 villas, fine dining restaurants and a Spa Alila wellness center. The resort will distinguish itself by its contemporary Dhofari architecture. The signature Alila hospitality services, are highly personalized and tailored to its clientele’s lifestyle choices and rhythm, offering unique ways to discover the destination and engage in the local culture and traditions of the Dhofar region.
Interior design work will be overseen by internationally acclaimed BLINK Design Group to bring forth the Dhofari influence preserving the extraordinary natural beauty of the region.
Frederic Simon, Alila’s Chief Executive Officer said: “The development will be one of a kind in the region and fits perfectly with our operating ethos in the integration of commerce, conservation and culture. The destination will bring forth a community of discerning travelers that will appreciate the green environment and the exclusivity of a luxury retreat to compliment the destination. Huge emphasis will be placed on creating an ecologically friendly development to compliment and enhance the surrounding landscape and environment.”
Salalah, the second largest city in Oman, continues to develop in stature as one of the Middle East’s major destinations for international and local tourists. The increased investment and development of infrastructure that includes the new international airport and the expansion of the Port of Salalah. The project will significantly enhance the product offering and attractiveness of Dhofar and Salalah as a major tourism destination, providing additional growth opportunities to the domestic market while drawing new visitors to the Dhofar governate.
“After the successful launch of Alila Jabal Akhdar, our first luxury development outside Asia located in Oman’s Al Hajjar mountain range, we are honored to expand our collection of luxury resorts in the Middle East, particularly in the Sultanate,” comments Mark Edleson, President, Alila Hotels & Resorts. “Salalah is another unique micro-environment in Oman with its tropical monsoons, special culture and the beautiful beaches of Mirbat. We can now offer our guests the Hajjar Mountains and Mirbat beaches in one Oman holiday. Furthermore, we look forward to deepening our relationship with the Oman Investment Fund.”
Slated to launch in the second half of 2017, Alila Salalah is envisioned as a unique ecologically sensitive luxury destination resort, comprising 100 suites, 25 villas, fine dining restaurants and a Spa Alila wellness center. The resort will distinguish itself by its contemporary Dhofari architecture. The signature Alila hospitality services, are highly personalized and tailored to its clientele’s lifestyle choices and rhythm, offering unique ways to discover the destination and engage in the local culture and traditions of the Dhofar region.
Interior design work will be overseen by internationally acclaimed BLINK Design Group to bring forth the Dhofari influence preserving the extraordinary natural beauty of the region.
Frederic Simon, Alila’s Chief Executive Officer said: “The development will be one of a kind in the region and fits perfectly with our operating ethos in the integration of commerce, conservation and culture. The destination will bring forth a community of discerning travelers that will appreciate the green environment and the exclusivity of a luxury retreat to compliment the destination. Huge emphasis will be placed on creating an ecologically friendly development to compliment and enhance the surrounding landscape and environment.”
Salalah, the second largest city in Oman, continues to develop in stature as one of the Middle East’s major destinations for international and local tourists. The increased investment and development of infrastructure that includes the new international airport and the expansion of the Port of Salalah. The project will significantly enhance the product offering and attractiveness of Dhofar and Salalah as a major tourism destination, providing additional growth opportunities to the domestic market while drawing new visitors to the Dhofar governate.
Tuesday, May 5, 2015
RP Global Breaks Ground On AED 1.5 Billion RP Heights
* Holding company RP Group enters real estate market in Dubai with AED 5.5 bn (US $1.5 bn) projects through RP Global
* US $4 billion RP Group draws on its construction business expertise to bring economies of scale and superior build quality to the projects developed in Dubai
* Defined by aesthetic excellence and a superior location, RP Global unveil’s RP Heights, its first project in Downtown Dubai
* The second iconic mixed-use development project on Sheikh Zayed Road to be launched in H2 2015
RP Global - part of RP Group of Companies, a global business conglomerate with an annual turnover of over US $4 billion - broke ground on its new multi-storey residential tower project RP Heights marking its entry into the real estate market in Dubai.
RP Global will initially develop two prestigious projects in the heart of the city with a total development value of over AED 5.5 billion (US $1.5 billion). RP Heights, the first project in Downtown Dubai is a multi-storey residential tower within two minutes walking distance from The Dubai Mall. It will feature 268 luxury residences in a mix of studio, 1, 2, and 3-bedroom apartments, in addition to luxurious penthouses on the upper floors.
RP One, the second project, will be an iconic mixed-use development on Sheikh Zayed Road, which will be unveiled in the second half this year. This AED 4 billion (US $1.1 billion) development is situated right behind the Business Bay Metro Station, and will feature a spectacular mixed-use tower, which will define the Dubai city skyline.
“Our expansion to real estate development complements our core competencies in construction and infrastructure projects,” said Dr. Ravi Pillai, Chairman & Chief Executive Officer of RP Group of Companies. “The key differential of RP Global is our group’s ability to bring unmatched development synergies through our own construction firm, Gulf Asia Contracting. This will ensure strong economies of scale, the highest standards in construction and a firm delivery schedule. We will pass on this additional value to our customers, who will become part of truly world-class developments built to the highest standards of quality and sustainability.”
Dr Pillai added: “We are constructing RP Heights in Downtown Dubai on land owned by RP Global and using our own internal financial resources. This demonstrates our commitment to delivery and to establishing our distinct identity in Dubai’s property development sector.”
With a geographical footprint across the Middle East, Asia, Africa and Australia, the RP Group of Companies is one of the largest employment providers in the region and has over 85,000 employees, which is set to increase to 100,000 by end-2015. The Group has executed projects worth over US $25 billion globally, and has 26 business entities in 20 cities across nine countries, with a track record in heavy civil and building works over the last 20 years.
The group has executed over 130 projects for clients including Saudi Aramco and its affiliate SATORP, SADARA Petrochemicals, YASREF, SABIC and its affiliates, Qatar Gas, Ras Gas, ADNOC, Abu Dhabi Oil Refining company, Sipchem, Shell, Exxon Mobil, Total Refinery, Dow Chemicals, Qatar Petroleum, Oryx GTL, Dolphin Energy and Kuwait National Petroleum.
Dr. Pillai said that the Group’s decision to expand to property development in Dubai is led by the robust growth and economic fundamentals of the city. “With the current population of over 2 million expected to grow to 3 million by 2020, and the city’s status as a business and leisure hub, the property sector of Dubai has strong growth prospects.
“The strategic growth initiatives announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, has boosted international investor confidence. Today, Dubai is one of the world’s best investment destinations for property compared to Singapore or Mumbai,” Dr. Pillai explained.
“RP Global’s vision is to be one of the most innovative and trusted developers of distinctive real estate concepts globally by creating innovative lifestyle concepts distinguished by excellent design, superior build quality, timely delivery and delightful after-sales experience,” he continued.
He added that the two RP Global projects will have optimal floor area ratios, high ceilings and large balconies that add to the quality of life of residents. “We are committed to delivering the highest service standards to our customers across all touch points. Already, there is significant demand for our projects, which is a mark of investor trust in RP Group’s strong industry
credentials.”
RP Global's approach to real estate development is highlighted in its mission - ‘Live Beyond.’ Customers can look forward to a lifestyle that is beyond what any other developer may offer and well beyond their expectations. “RP Global projects will uphold high standards in sustainability with a focus on promoting energy use efficiency. It will also draw on the latest in technologies including high-speed connectivity to reflect the Smart Dubai vision,” said Dr. Pillai.
RP Group of Companies has a strong presence in six high-growth sectors including property development, construction & infrastructure development, education, healthcare, hospitality and trading. Their areas of expertise include oil and gas, petrochemicals, ferrous and non-ferrous plants, heavy industrial buildings, highrise buildings and infrastructure facilities. With a presence of over 40 years in the GCC region, it is also further scaling up its hospitality business in the UAE with two new hotels in Dubai Marina and Bur Dubai.
* US $4 billion RP Group draws on its construction business expertise to bring economies of scale and superior build quality to the projects developed in Dubai
* Defined by aesthetic excellence and a superior location, RP Global unveil’s RP Heights, its first project in Downtown Dubai
* The second iconic mixed-use development project on Sheikh Zayed Road to be launched in H2 2015
RP Global - part of RP Group of Companies, a global business conglomerate with an annual turnover of over US $4 billion - broke ground on its new multi-storey residential tower project RP Heights marking its entry into the real estate market in Dubai.
RP Global will initially develop two prestigious projects in the heart of the city with a total development value of over AED 5.5 billion (US $1.5 billion). RP Heights, the first project in Downtown Dubai is a multi-storey residential tower within two minutes walking distance from The Dubai Mall. It will feature 268 luxury residences in a mix of studio, 1, 2, and 3-bedroom apartments, in addition to luxurious penthouses on the upper floors.
RP One, the second project, will be an iconic mixed-use development on Sheikh Zayed Road, which will be unveiled in the second half this year. This AED 4 billion (US $1.1 billion) development is situated right behind the Business Bay Metro Station, and will feature a spectacular mixed-use tower, which will define the Dubai city skyline.
“Our expansion to real estate development complements our core competencies in construction and infrastructure projects,” said Dr. Ravi Pillai, Chairman & Chief Executive Officer of RP Group of Companies. “The key differential of RP Global is our group’s ability to bring unmatched development synergies through our own construction firm, Gulf Asia Contracting. This will ensure strong economies of scale, the highest standards in construction and a firm delivery schedule. We will pass on this additional value to our customers, who will become part of truly world-class developments built to the highest standards of quality and sustainability.”
Dr Pillai added: “We are constructing RP Heights in Downtown Dubai on land owned by RP Global and using our own internal financial resources. This demonstrates our commitment to delivery and to establishing our distinct identity in Dubai’s property development sector.”
With a geographical footprint across the Middle East, Asia, Africa and Australia, the RP Group of Companies is one of the largest employment providers in the region and has over 85,000 employees, which is set to increase to 100,000 by end-2015. The Group has executed projects worth over US $25 billion globally, and has 26 business entities in 20 cities across nine countries, with a track record in heavy civil and building works over the last 20 years.
The group has executed over 130 projects for clients including Saudi Aramco and its affiliate SATORP, SADARA Petrochemicals, YASREF, SABIC and its affiliates, Qatar Gas, Ras Gas, ADNOC, Abu Dhabi Oil Refining company, Sipchem, Shell, Exxon Mobil, Total Refinery, Dow Chemicals, Qatar Petroleum, Oryx GTL, Dolphin Energy and Kuwait National Petroleum.
Dr. Pillai said that the Group’s decision to expand to property development in Dubai is led by the robust growth and economic fundamentals of the city. “With the current population of over 2 million expected to grow to 3 million by 2020, and the city’s status as a business and leisure hub, the property sector of Dubai has strong growth prospects.
“The strategic growth initiatives announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, has boosted international investor confidence. Today, Dubai is one of the world’s best investment destinations for property compared to Singapore or Mumbai,” Dr. Pillai explained.
“RP Global’s vision is to be one of the most innovative and trusted developers of distinctive real estate concepts globally by creating innovative lifestyle concepts distinguished by excellent design, superior build quality, timely delivery and delightful after-sales experience,” he continued.
He added that the two RP Global projects will have optimal floor area ratios, high ceilings and large balconies that add to the quality of life of residents. “We are committed to delivering the highest service standards to our customers across all touch points. Already, there is significant demand for our projects, which is a mark of investor trust in RP Group’s strong industry
credentials.”
RP Global's approach to real estate development is highlighted in its mission - ‘Live Beyond.’ Customers can look forward to a lifestyle that is beyond what any other developer may offer and well beyond their expectations. “RP Global projects will uphold high standards in sustainability with a focus on promoting energy use efficiency. It will also draw on the latest in technologies including high-speed connectivity to reflect the Smart Dubai vision,” said Dr. Pillai.
RP Group of Companies has a strong presence in six high-growth sectors including property development, construction & infrastructure development, education, healthcare, hospitality and trading. Their areas of expertise include oil and gas, petrochemicals, ferrous and non-ferrous plants, heavy industrial buildings, highrise buildings and infrastructure facilities. With a presence of over 40 years in the GCC region, it is also further scaling up its hospitality business in the UAE with two new hotels in Dubai Marina and Bur Dubai.
Tuesday, April 21, 2015
Farglory Group's Maryah Plaza Development, Abu Dhabi
Farglory Group, one of the largest real estate developers in Asia, is preparing to release more ultra-prime units in its luxury development Maryah Plaza. The much-awaited event is in anticipation of demand in the second half of 2015 and will cater to investor and end-user preferences.
“Maryah Plaza’s initial launch was well received by domestic and international buyers. We have been listening closely to the market and have accommodated our unit designs to satisfy growing demand,” said Jack Hu, managing director of Farglory Middle East.
Maryah Plaza, located in Al Maryah Island’s new financial free zone, is the product of world-famous architect Lord Richard Rogers who is known for designing projects across the world such as London’s One Hyde Park and the Pompidou Centre in Paris. Maryah Plaza represents the architect’s first-ever project in the Middle East.
“We envisioned Maryah Plaza as a new emerging global icon and a benchmark for luxury,” said Hu. “That’s why we commissioned Lord Richard Rogers, one of the world’s greatest architects. Together we are building a new architectural landmark that will help to shape Abu Dhabi’s skyline on Al Maryah Island.”
Stationed at the waterfront, Maryah Plaza is a mixed-use development consisting of four steel towers. The largest tower will house offices, serviced apartments, and a boutique hotel. At ground level there will be restaurants, cafes, and shops.
Amenities include a clubhouse, zero-edge infinity pool, spa, gymnasium, and an outdoor art gallery with manicured green space.
“With the current positive growth outlook for Farglory in all its key markets, we are committed to fulfilling the market’s appetite for ultra-high-end property in the UAE’s capital city and exploring opportunities to match demand,” Hu said.
A silver sponsor at this year’s Cityscape Abu Dhabi, Farglory Group is a Taiwanese conglomerate established in 1969 with a portfolio of over 15 billion dollars. Farglory Group has completed over 700 projects across the world including China, the United States, Western Europe, and the Far East.
“Maryah Plaza’s initial launch was well received by domestic and international buyers. We have been listening closely to the market and have accommodated our unit designs to satisfy growing demand,” said Jack Hu, managing director of Farglory Middle East.
Maryah Plaza, located in Al Maryah Island’s new financial free zone, is the product of world-famous architect Lord Richard Rogers who is known for designing projects across the world such as London’s One Hyde Park and the Pompidou Centre in Paris. Maryah Plaza represents the architect’s first-ever project in the Middle East.
“We envisioned Maryah Plaza as a new emerging global icon and a benchmark for luxury,” said Hu. “That’s why we commissioned Lord Richard Rogers, one of the world’s greatest architects. Together we are building a new architectural landmark that will help to shape Abu Dhabi’s skyline on Al Maryah Island.”
Stationed at the waterfront, Maryah Plaza is a mixed-use development consisting of four steel towers. The largest tower will house offices, serviced apartments, and a boutique hotel. At ground level there will be restaurants, cafes, and shops.
Amenities include a clubhouse, zero-edge infinity pool, spa, gymnasium, and an outdoor art gallery with manicured green space.
“With the current positive growth outlook for Farglory in all its key markets, we are committed to fulfilling the market’s appetite for ultra-high-end property in the UAE’s capital city and exploring opportunities to match demand,” Hu said.
A silver sponsor at this year’s Cityscape Abu Dhabi, Farglory Group is a Taiwanese conglomerate established in 1969 with a portfolio of over 15 billion dollars. Farglory Group has completed over 700 projects across the world including China, the United States, Western Europe, and the Far East.
Sunday, April 19, 2015
Ajman Mega Project Al Zorah Going Strong
* Premier lifestyle project by Solidere International begins to take shape as phase one of the development comes to life
* Contract for final stage of infrastructure works valued at AED 115 million awarded
Ajman’s premier waterfront and organically connected lifestyle development project, Al Zorah has invested over AED 500 million in infrastructure, with the awarding of an AED 115 million contract for the final stage of Phase 1 infrastructure works. With the initial stages of infrastructure development already completed, the new contract to AIMS Group covers the rest of the road and utility networks to support all Phase one components of the premiere destination. The work is scheduled for completion in the fourth quarter of this year.
Located along the breathtaking natural peninsula on the coastline of Ajman, the flagship project of Al Zorah Development Company is spread over an area of 5.4 million sqm. Set apart from other destinations by its exotic setting of natural mangroves and seafront, Al Zorah blends the best of nature with the finest in modern amenities to create refined places for life. A freehold development encompassing 12 kms of waterfront, 1.6 kms of sandy beaches and a 700,000 sqm golf course, Al Zorah is slowly rising up from the ground to create unprecedented communal living at its best.
The first phase of the AED 2 billion development will welcome its first residents later this year. The key components that will provide a refreshing and vibrant lifestyle for residents and visitors include: a Beach Resort operated by Oberoi, a Beach Resort operated by Lux, an 18-hole Golf Course by Nicklaus Design, 42 premium residential villas on the golf course, serviced residential apartments, and The Pavilion, Al Zorah’s sales center.
The Phase 1 infrastructure works included the design, earthworks, work on four marinas that can accommodate over 200 boats, the 18-hole championship golf course, highway linking Sheikh Mohammed bin Zayed Road to Al Zorah, the entire road and utility network, bridge, and water edge protection across 3.5 km of waterfront.
Imad Dana, Chief Executive Officer of Al Zorah Development Company, said: “The foundations of the success of any property development project spread over such a large area like Al Zorah, is dependent on the connectivity of its individual components.
“We are committed to the comforts of our future residents right from the start and we are ensuring that the entire project is geared to provide a holistic lifestyle from day one when people move in. Al Zorah is all about creating that special value for our investors and we can see that vision coming to life already.”
The development is all set to energize Ajman bringing in a truly world-class lifestyle destination that will enhance the Emirate’s competitiveness and development.
++About Al Zorah Development Company:
The Al Zorah Development (Private) Company P.S.C marks the partnership between the Government of Ajman and Solidere International and is a Free Zone Company under the laws of Ajman, UAE. The company’s aim is to develop Al Zorah as a distinctive tourist and lifestyle destination.
++About Solidere International:
Solidere International (SI) is a master developer, a real estate developer, a development manager and a property manager. SI is a limited company registered in Dubai International Financial Center. Solidere sal of Lebanon is its founding shareholder. The Company’s shareholders include individual and institutional investors from the Middle East, Europe as well as international funds. SI draws on the extensive and mature expertise of Solidere sal to develop unique quality and professionally managed projects covering a broad array of properties from mixed-use communities to individual building in select markets, known as ‘Places for Life.’ Solidere International’s in-house expertise covers the full development value chain of property development from business planning, master planning, financing, construction management, marketing, sales and property management services. Solidere International is rapidly growing to become a premier regional and international property developer and development manager. The company is currently active in developing its own residential and mixed-use projects in Saudi Arabia, UAE, Lebanon and strengthening its presence in promising international markets.
* Contract for final stage of infrastructure works valued at AED 115 million awarded
Ajman’s premier waterfront and organically connected lifestyle development project, Al Zorah has invested over AED 500 million in infrastructure, with the awarding of an AED 115 million contract for the final stage of Phase 1 infrastructure works. With the initial stages of infrastructure development already completed, the new contract to AIMS Group covers the rest of the road and utility networks to support all Phase one components of the premiere destination. The work is scheduled for completion in the fourth quarter of this year.
Located along the breathtaking natural peninsula on the coastline of Ajman, the flagship project of Al Zorah Development Company is spread over an area of 5.4 million sqm. Set apart from other destinations by its exotic setting of natural mangroves and seafront, Al Zorah blends the best of nature with the finest in modern amenities to create refined places for life. A freehold development encompassing 12 kms of waterfront, 1.6 kms of sandy beaches and a 700,000 sqm golf course, Al Zorah is slowly rising up from the ground to create unprecedented communal living at its best.
The first phase of the AED 2 billion development will welcome its first residents later this year. The key components that will provide a refreshing and vibrant lifestyle for residents and visitors include: a Beach Resort operated by Oberoi, a Beach Resort operated by Lux, an 18-hole Golf Course by Nicklaus Design, 42 premium residential villas on the golf course, serviced residential apartments, and The Pavilion, Al Zorah’s sales center.
The Phase 1 infrastructure works included the design, earthworks, work on four marinas that can accommodate over 200 boats, the 18-hole championship golf course, highway linking Sheikh Mohammed bin Zayed Road to Al Zorah, the entire road and utility network, bridge, and water edge protection across 3.5 km of waterfront.
Imad Dana, Chief Executive Officer of Al Zorah Development Company, said: “The foundations of the success of any property development project spread over such a large area like Al Zorah, is dependent on the connectivity of its individual components.
“We are committed to the comforts of our future residents right from the start and we are ensuring that the entire project is geared to provide a holistic lifestyle from day one when people move in. Al Zorah is all about creating that special value for our investors and we can see that vision coming to life already.”
The development is all set to energize Ajman bringing in a truly world-class lifestyle destination that will enhance the Emirate’s competitiveness and development.
++About Al Zorah Development Company:
The Al Zorah Development (Private) Company P.S.C marks the partnership between the Government of Ajman and Solidere International and is a Free Zone Company under the laws of Ajman, UAE. The company’s aim is to develop Al Zorah as a distinctive tourist and lifestyle destination.
++About Solidere International:
Solidere International (SI) is a master developer, a real estate developer, a development manager and a property manager. SI is a limited company registered in Dubai International Financial Center. Solidere sal of Lebanon is its founding shareholder. The Company’s shareholders include individual and institutional investors from the Middle East, Europe as well as international funds. SI draws on the extensive and mature expertise of Solidere sal to develop unique quality and professionally managed projects covering a broad array of properties from mixed-use communities to individual building in select markets, known as ‘Places for Life.’ Solidere International’s in-house expertise covers the full development value chain of property development from business planning, master planning, financing, construction management, marketing, sales and property management services. Solidere International is rapidly growing to become a premier regional and international property developer and development manager. The company is currently active in developing its own residential and mixed-use projects in Saudi Arabia, UAE, Lebanon and strengthening its presence in promising international markets.
Wednesday, March 25, 2015
Mega Project Launched To Regenerate Old Medina of Casablanca, Morocco
* Wessal Capital, the investment fund with a unique SWF shareholding structure supports second stage of Casablanca re-development
* Growing investor confidence in Moroccan tourism market helps Wessal Capital, the investment arm overseeing the Wessal Casa-Port project, to secure additional €28 million of funding to support development
* Old Medina project builds on rich cultural heritage to reclaim Casablanca’s status as premier cultural, business and tourism destination
* The regeneration of the Old Medina is a response to local residents’ desire to improve their neighborhood and boost local economy
Morocco has begun the €28 million regeneration of the historic Old Medina of Casablanca, a vital part of the city’s history and one of its most appealing tourist attractions. The project is part of Wessal Capital’s €530 million Casa-Port project, which will transform Casablanca’s harbor and port area and help restore the city once known as the jewel of Morocco.
The restoration of the Old Medina is the second phase of the Casa-Port project, with work on the port redevelopment starting last week. When completed, Wessal Casa-Port will offer world-class tourism infrastructure, including the development of the city’s first marina, an upgraded port and new commercial and cultural spaces. The public-private partnership is due for completion in five years.
The historic Old Medina is one of Morocco’s most important cultural sites and the country’s largest medina, dating to the sixth century. It has been a focus for Casablanca’s commercial and civic life for centuries, including currently hosting seven mosques, three synagogues and a church – a testament to Morocco’s religious openness and sense of tolerance. The regeneration works include creating a 3.7 km tourist pathway winding through the medina and connecting with the new cruise ship terminal, going through all the major heritage buildings combining tradition and modernity in a way that inspires visitors and the people of Morocco.
Tourism is the second largest contributor to Morocco's GDP and is also the second biggest job creator, playing a vital role in the country’s overall economy. In 2013, tourist arrivals exceeded 10 million for the first time. However, Casablanca is often overlooked as a tourist attraction by visitors who instead prioritize travel to other parts of the country, such as Marrakech and Fes. Enhancing the appeal of the medina, which has long been the heart of the city, together with the coastline district, will help reposition Casablanca as a major destination for cultural, business and cruise tourism.
Morocco projects the investment in Wessal Casa-Port will help revitalize the economy, generating employment in a thriving tourism sector. The project is anticipated to double employment in the area and triple employment in areas indirectly linked to the project. Already 2000 jobs have been created in the construction phase alone, with 6000 more planned.
The project reflects His Majesty King Mohammed VI’s personal interest in the social and economic development of Casablanca, as well as the improvement of the standard of living of the city’s inhabitants.
The rehabilitation aligns with Morocco’s wider cultural, socio-economic and urban development strategy, which is improving living conditions, creating job opportunities, upgrading the city’s buildings and preserving Casablanca’s historical and cultural legacy.
This project in particular will support the aspirations of Casablanca’s youth. It has been designed to help them access new economic, social and cultural opportunities which support their own well-being and Morocco’s continued growth. Part of the rehabilitation program launched by the King includes setting up “work re-insertion centers”, especially focused on women and youth, to help some of the inhabitants acquire working skills and take advantage of the local job opportunities created by the vast infrastructure developments underway nearby. Another initiative is working to improve the marketing of handicraft products produced by the artisans of the medina.
* Growing investor confidence in Moroccan tourism market helps Wessal Capital, the investment arm overseeing the Wessal Casa-Port project, to secure additional €28 million of funding to support development
* Old Medina project builds on rich cultural heritage to reclaim Casablanca’s status as premier cultural, business and tourism destination
* The regeneration of the Old Medina is a response to local residents’ desire to improve their neighborhood and boost local economy
Morocco has begun the €28 million regeneration of the historic Old Medina of Casablanca, a vital part of the city’s history and one of its most appealing tourist attractions. The project is part of Wessal Capital’s €530 million Casa-Port project, which will transform Casablanca’s harbor and port area and help restore the city once known as the jewel of Morocco.
The restoration of the Old Medina is the second phase of the Casa-Port project, with work on the port redevelopment starting last week. When completed, Wessal Casa-Port will offer world-class tourism infrastructure, including the development of the city’s first marina, an upgraded port and new commercial and cultural spaces. The public-private partnership is due for completion in five years.
The historic Old Medina is one of Morocco’s most important cultural sites and the country’s largest medina, dating to the sixth century. It has been a focus for Casablanca’s commercial and civic life for centuries, including currently hosting seven mosques, three synagogues and a church – a testament to Morocco’s religious openness and sense of tolerance. The regeneration works include creating a 3.7 km tourist pathway winding through the medina and connecting with the new cruise ship terminal, going through all the major heritage buildings combining tradition and modernity in a way that inspires visitors and the people of Morocco.
Tourism is the second largest contributor to Morocco's GDP and is also the second biggest job creator, playing a vital role in the country’s overall economy. In 2013, tourist arrivals exceeded 10 million for the first time. However, Casablanca is often overlooked as a tourist attraction by visitors who instead prioritize travel to other parts of the country, such as Marrakech and Fes. Enhancing the appeal of the medina, which has long been the heart of the city, together with the coastline district, will help reposition Casablanca as a major destination for cultural, business and cruise tourism.
Morocco projects the investment in Wessal Casa-Port will help revitalize the economy, generating employment in a thriving tourism sector. The project is anticipated to double employment in the area and triple employment in areas indirectly linked to the project. Already 2000 jobs have been created in the construction phase alone, with 6000 more planned.
The project reflects His Majesty King Mohammed VI’s personal interest in the social and economic development of Casablanca, as well as the improvement of the standard of living of the city’s inhabitants.
The rehabilitation aligns with Morocco’s wider cultural, socio-economic and urban development strategy, which is improving living conditions, creating job opportunities, upgrading the city’s buildings and preserving Casablanca’s historical and cultural legacy.
This project in particular will support the aspirations of Casablanca’s youth. It has been designed to help them access new economic, social and cultural opportunities which support their own well-being and Morocco’s continued growth. Part of the rehabilitation program launched by the King includes setting up “work re-insertion centers”, especially focused on women and youth, to help some of the inhabitants acquire working skills and take advantage of the local job opportunities created by the vast infrastructure developments underway nearby. Another initiative is working to improve the marketing of handicraft products produced by the artisans of the medina.
Friday, March 13, 2015
Kuwait's Tamdeen Group To Go Ahead With US$700 Million Al Khiran Development
> 75,000-sqm high end ‘Outlet Mall’ with state-of-the-art entertainment and F&B components to showcase the project
> Resort style apartment living adjacent to a 5-star hotel with an international spa
Tamdeen Group – Kuwait’s leading mixed-use property developer that is reshaping the urban and social landscape of the country through innovative projects – has announced the multi-million dollar Al Khiran development which will be at the heart of the Sabah Al Ahmed Sea City.
Valued at US$700 million, the resort-style project which will be spread across 350,000-sqm of water-front, will eventually create significant opportunities for Kuwait’s tourism and business growth. A one-of-a-kind development, the project will include Kuwait’s first high-end Outlet Mall, two high-rise residential towers, one furnished apartments tower, a marina to house over 900 boats – the biggest in Kuwait - and a 5-star resort style hotel with an international spa component.
Launching the project, Mohammed Jassim Khalid Al Marzouq, Chairman of Tamdeen Group said: “We believe in Kuwait, in its economic future and its excellent legal systems. The new found cooperation between the Government and Parliament has given us even more confidence to invest further in Kuwait. Today we have projects worth US$2 billion in the pipeline.
“Kuwait is recognized as a country that has one of the world’s highest per capita incomes estimated at US$48,260, which means the country is well-placed to drive growth across different retail segments. It also remains one of the most underserviced markets in the GCC in terms of quality retail space.
“Kuwait’s economy is among the strongest in the region and in a country where 45 percent of the population is in the 20-39 years age range, household spending on international brands within the retail sector is on the rise. This is where Al Khiran will offer value not just in terms of shopping but an overall customer experience.”
The Tamdeen Group has been developing significant shopping center and mixed-use properties over the last two decades. The Group has built the iconic 360 MALL and the Al Kout waterfront project, both of which have become important symbols of Kuwait. Their unique architecture makes them one-of-a-kind destinations offering an unmatched shopping experience for their discerning customers. Al Khiran will add to that offering in its own unique way.
“We also believe that Kuwait has huge untapped potential for ‘conservative tourism’ and this project will attract people from our three large neighbors creating a new destination,” added Al Marzouq.
The 75,000-sqm luxury Outlet Mall within Al Khiran will have the finest mix of luxury and premium brands. The entire mall will have an outdoor ambiance with indoor streets covered by continuous skylights to provide natural light.
Designed by leading international architects RTKL, the mall will have a unique resort-style architecture which will incorporate traditional Arabic motifs. The mall’s façade will add to its identity providing a highly sustainable solution which filters light and provides shade. A continuous covered arcade will showcase the retail elements and provide comfortable seating for various restaurants.
A lot of thought and input has gone into landscaping design for the entire project which in itself will be an attraction for tourists and residents alike. A massive promenade covered with palms will create the pedestrian space between the mall and the marina. Celebrated landscape architects PWP from the USA have worked hard to create the landscape link for the entire project while providing terraced seating options for customers’ dining pleasure.
The most iconic landform will be at the center of the development. The Al Khiran Park with its rich and varied vegetation will include a variety of open air attractions for children as well as huge performance spaces. This in itself will create a powerful magnet for all of Kuwait.
Al Khiran will become the entertainment and commercial cornerstone of the new community at Sabah Al Ahmed Sea City and surrounding areas of over 200,000 people. The residences will provide a resort-style home-away-from-home for the discerning Kuwaiti with access to some of the finest leisure facilities, private swimming pools and a ‘beach front’. A 5-star hotel with an international spa will attract both Kuwaiti residents and tourists alike.
Al Marzouq further explained: “Tamdeen Group companies have been known to deliver high-end, world-class quality projects that rival the very best in the world. Kuwait has been witnessing a 6.6 percent average rise in tourism and increasing demand for luxury products and services. Projects like Al Khiran fulfil that national expectation and Tamdeen Group is honored to be a catalyst to the country’s overall economic, retail and tourism growth.”
Today, the Tamdeen Group of Companies has a combined paid up capital of US$1.35 billion with close to US$4 billion in assets, making the group one of Kuwait’s most significant private-sector players.
> Resort style apartment living adjacent to a 5-star hotel with an international spa
Tamdeen Group – Kuwait’s leading mixed-use property developer that is reshaping the urban and social landscape of the country through innovative projects – has announced the multi-million dollar Al Khiran development which will be at the heart of the Sabah Al Ahmed Sea City.
Valued at US$700 million, the resort-style project which will be spread across 350,000-sqm of water-front, will eventually create significant opportunities for Kuwait’s tourism and business growth. A one-of-a-kind development, the project will include Kuwait’s first high-end Outlet Mall, two high-rise residential towers, one furnished apartments tower, a marina to house over 900 boats – the biggest in Kuwait - and a 5-star resort style hotel with an international spa component.
Launching the project, Mohammed Jassim Khalid Al Marzouq, Chairman of Tamdeen Group said: “We believe in Kuwait, in its economic future and its excellent legal systems. The new found cooperation between the Government and Parliament has given us even more confidence to invest further in Kuwait. Today we have projects worth US$2 billion in the pipeline.
“Kuwait is recognized as a country that has one of the world’s highest per capita incomes estimated at US$48,260, which means the country is well-placed to drive growth across different retail segments. It also remains one of the most underserviced markets in the GCC in terms of quality retail space.
“Kuwait’s economy is among the strongest in the region and in a country where 45 percent of the population is in the 20-39 years age range, household spending on international brands within the retail sector is on the rise. This is where Al Khiran will offer value not just in terms of shopping but an overall customer experience.”
The Tamdeen Group has been developing significant shopping center and mixed-use properties over the last two decades. The Group has built the iconic 360 MALL and the Al Kout waterfront project, both of which have become important symbols of Kuwait. Their unique architecture makes them one-of-a-kind destinations offering an unmatched shopping experience for their discerning customers. Al Khiran will add to that offering in its own unique way.
“We also believe that Kuwait has huge untapped potential for ‘conservative tourism’ and this project will attract people from our three large neighbors creating a new destination,” added Al Marzouq.
The 75,000-sqm luxury Outlet Mall within Al Khiran will have the finest mix of luxury and premium brands. The entire mall will have an outdoor ambiance with indoor streets covered by continuous skylights to provide natural light.
Designed by leading international architects RTKL, the mall will have a unique resort-style architecture which will incorporate traditional Arabic motifs. The mall’s façade will add to its identity providing a highly sustainable solution which filters light and provides shade. A continuous covered arcade will showcase the retail elements and provide comfortable seating for various restaurants.
A lot of thought and input has gone into landscaping design for the entire project which in itself will be an attraction for tourists and residents alike. A massive promenade covered with palms will create the pedestrian space between the mall and the marina. Celebrated landscape architects PWP from the USA have worked hard to create the landscape link for the entire project while providing terraced seating options for customers’ dining pleasure.
The most iconic landform will be at the center of the development. The Al Khiran Park with its rich and varied vegetation will include a variety of open air attractions for children as well as huge performance spaces. This in itself will create a powerful magnet for all of Kuwait.
Al Khiran will become the entertainment and commercial cornerstone of the new community at Sabah Al Ahmed Sea City and surrounding areas of over 200,000 people. The residences will provide a resort-style home-away-from-home for the discerning Kuwaiti with access to some of the finest leisure facilities, private swimming pools and a ‘beach front’. A 5-star hotel with an international spa will attract both Kuwaiti residents and tourists alike.
Al Marzouq further explained: “Tamdeen Group companies have been known to deliver high-end, world-class quality projects that rival the very best in the world. Kuwait has been witnessing a 6.6 percent average rise in tourism and increasing demand for luxury products and services. Projects like Al Khiran fulfil that national expectation and Tamdeen Group is honored to be a catalyst to the country’s overall economic, retail and tourism growth.”
Today, the Tamdeen Group of Companies has a combined paid up capital of US$1.35 billion with close to US$4 billion in assets, making the group one of Kuwait’s most significant private-sector players.
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