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2010 Oct 04

Waha Land to Showcase ALMARKAZ Project at Cityscape Global 2010

Monday, 4 October 2010, Abu Dhabi, UAE: Waha Land, the real estate arm of Waha Capital, the Abu Dhabi-based diversified investment company, will showcase its flagship mixed-use industrial real estate project ALMARKAZ at Cityscape Global, the UAE’s leading international real estate investment and development event taking place from 4 – 7 October, 2011 in Dubai.

Salem Rashid Al Noaimi, CEO of Waha Capital said, “The ALMARKAZ project will cater to the huge projected demand for premium industrial infrastructure that the UAE’s growing economy will bring. ALMARKAZ has been designed and developed in line with our objective of developing real estate properties that generate real value for the economy. The project has become a showcase for Waha Land’s strong commitment to quality design, intelligent master planning and excellence in real estate development.”

Waha Land’s first development, ALMARKAZ, is a mixed-use industrial project being built on a six square-kilometre plot of land granted by the government of Abu Dhabi. Waha Land’s initiative is to develop, own and manage high-quality industrial and commercial real estate projects in Abu Dhabi.

Hazem Saeed Al-Nowais, COO, Waha Land said, “Our long-term vision is to be among the leading master developers and real estate investors in the UAE. Waha Land is currently focused on developing its first real estate development, which features a light industrial master-planned development. Our first initiative, ALMARKAZ, is a ground-breaking project that provides premium warehousing and light industrial space to the Abu Dhabi market.”

ALMARKAZ’s master plan outlines an integrated mixed-use development. The project offers light industrial facilities, start up units, and larger land parcels zoned for warehousing and storage. Phase I of the project, being developed on a 1.5 sq km plot of land, will have 90,000 square metres of small industrial units.

The ALMARKAZ project will be showcased at Waha Land’s 450 square-metre stand located in 4D10 –Hall 4 of the Cityscape Global exhibition venue at the Dubai International Exhibition Centre.

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