A street in the new industrial area
The emirate of Umm Al Quwain is gaining an industrial focus with the completion of a town-sized development called Emirates Modern Industrial Area.
The complex has been developed by Tameer Holding, one of the Gulf’s leading property development firms.
“The plan of the area incorporates commercial, industrial and residential activities featuring labour camps, shops and large-scale storage facilities,” a Tameer spokesman said. “Complementing the nearby development of AlSalam City, the entire industrial area has been constructed on a total space of 80 million sq ft at a cost of $68.2 million.”
Commenting on the development, Tameer Holding president Omar Ayesh said: “Unlike many other projects of this scale, the Emirates Industrial Area has been fortunate enough to be completed without suffering from any delays and is testament to the fact that Tameer is committed to bringing to its investors a service that is unrivalled in professionalism, quality and style.”
With the new industrial city located within a 15- to 25-minute drive of the neighbouring emirates of Ajman, Sharjah and Dubai, Tameer Holding expects it to be a popular choice for entrepreneurs.
“Investors will be happy to know that this sophisticated and advanced development is now open and available to them for their business and industrial needs,” said Ayesh
Formed through a strategic partnership between Al-Rajhi Investment Group and Tameer Property Establishment, Tameer Holding has made its mark on the thriving UAE property market with the tower, “Princess Tower,” at Dubai Marina, the Dana 1 & 2 projects in International City, Al Shahd in the International City, Al Diyad in Dubai Silicon Oasis, the Regal Tower in Business Bay, Al Salam City in Umm Al Quwain and Al Ameera Village in Ajman. The firm’s investment portfolio in the market totals Dh 40 billion ($10.8 billion).
In line with massive property development in the Middle East, the UAE has witnessed an investment of more than $300 billion in new projects in the past 10 years. Tameer Holding is one of the prominent players involved in the boom.
