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September 10, 2006

Tatweer's new real estate firm to launch Dh5 billion projects

BY ISAAC JOHN (Chief Business Reporter)
10 September 2006

DUBAI (Khaleej Times) - Tatweer, a member of Dubai Holding, yesterday announced the launch of Mizin -- billed as the region's first real estate development and facility management company -- and said the new entity would launch various pioneering projects worth Dh5 billion in 17 months.

The new company, led by Sami Al Hashmi as CEO, will also be responsible for the infrastructure development of Tatweer's landmark projects and entities worth scores of billions of dirhams. These include Bawadi, the biggest hospitality concentration in the world with over 29,000 rooms; Dubai Industrial City, created to catalyse the growth and expansion of the industrial sector in UAE; and Dubailand, the region's leading leisure and entertainment project.

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Posted by rjorr at September 10, 2006 11:49 AM