Leading property development firm Tameer Holding recently confirmed that it has executed 95 per cent of the promised Emirates Modern Industrial Area, which is being constructed in the emirate of Umm Al-Quwain, UAE. 

The announcement comes as successful industrial and commercial developments across the country are at an all-time high.
“The industrial area is an ambitious project that differs significantly from most other projects being executed at present, due to its large scale and exclusive focus on industrial interests,” a Tameer statement said.  “The design of the area incorporates commercial, industrial and residential activities, featuring labour camps, shops and large-scale storage areas. The entire industrial area has been constructed on a total space of approximately 80 million sq feet at a cost of $68.2 million.
“Vast projects like this are nearly always subject to inevitable delays or logistical problems that slow their progress. However our industrial area has been fortunate to reach this stage of its construction without suffering from any postponements.” Tameer Holdings president Omar Ayesh said. 
“This is quite an accomplishment considering what is involved in bringing this development to fruition and what the finished product will be like. Essentially we have built from scratch the equivalent of a miniature city with a fully operational infrastructure that has a complex transportation system. The total length of its roads amounts to 60 km, with the width of its main streets at about 60 m and sub-streets are at 40 m,” said Ayesh.
“This development so far has been very popular; gaining much interest from prospective investors and this is not surprising. The location itself is perfect and only amounts to a 15- to 25-minute drive from Ajman, Sharjah and Dubai. Our industrial area is an excellent opportunity for successful and sensible investors to take advantage of,” concluded Ayesh.
Tameer Holding had earlier announced the complete sale of the Emirates Modern Industrial Area’s plots. The transactions broke record levels, achieving more than Dh500 million ($136.1 million).
Formed through a strategic partnership between Al-Rajhi Investment Group and Tameer Property Establishment, Tameer Holding had entered the thriving UAE property market with the world’s tallest tower “Princess Tower,” located in Dubai Marina, the Dana 1 and Dana 2 projects in International City, AlSalam City in Umm Al Quwain, Al Ameera Village in Ajman and Al-Ameera Tower, Sharjah’s tallest residential tower. Today, the firm’s investment portfolio in the market totals Dh40 billion.