| 05 Sep 2010 |
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Al Mazaya Holding among the GCC's top 50 most admired companies
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Kuwait, 5th of September 2010: In recognition of its real estate milestones during the global economic crisis and its mega projects inside Kuwait and overseas, Al Mazaya HoldingAl Mazaya Holding
was listed among the GCC's top 50 most admired companies, in Construction Week magazine's developers' category. In looking at those developers that have survived the best and can look at the second half of 2010 with the most optimism, Construction Week reported: "Though we have seen in recent years how a developer's vision can be cut down by the whims of a globalised marketplace, it is the developers that truly transform landscapes and define the future opportunities for residents and new inhabitants."
About Al MazayaAl Mazaya, the magazine said: "There is little doubt that when more big infrastructure projects in Kuwait hit the market, Al MazayaAl Mazaya will be within the mix, bidding and winning. The company has already left a significant mark on its home country, with the Global Tower (home of analysis powerhouse Global Investment House), the Kuwait Business Town and the 19-floor Clover Medical Centre among its successes, not to mention the innovative Seven Zones project. The Dubai-Kuwait dual-listed company raised capital to KD65 million, profits in 2009 exceeding KD30 million and the acquisition of First Dubai and Waterfront are among recent achievements."
Speaking on the occasion of Al Mazaya HoldingAl Mazaya Holding's listing among the GCC's top 50 most admired companies, Mr. Jasim Al Ghanim, Vice President Marketing at Al Mazaya HoldingAl Mazaya Holding, said: "The award recognizes Al MazayaAl Mazaya's track record of successes, achievements and mega projects as well as its leading real estate initiatives, which add value to and improve performance of real estate trading. This award is an actual translation of Al MazayaAl Mazaya's policy in looking for leadership.
"Despite the market downturn, Al MazayaAl Mazaya
has achieved a number of milestones in 2010, and was able to complete and deliver three projects, which are considered among the most important projects on offer in the Kuwaiti real estate market today. We are proud of these achievements, which would not have been possible without the company's determination to continue marching on the path of progress and excellence," he added. "As a dual-listed company on both the Kuwait Stock Exchange and the Dubai Financial Market, Al MazayaAl Mazaya is a company of sky-high ambition and credible performance," Al Ghanim said.
In conclusion, he extended his thanks to Construction Week for their keenness to encourage companies and to help push the wheel of growth and development to serve the interests of the GCC economy.
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About AL MAZAYA:
Al MazayaAl Mazaya Real Estate Development Co., listed on the Kuwait Stock Exchange and Dubai Financial Market, created a distinctive place for itself in the economic sector through the implementation of several major and vital projects across the region. The company provides comprehensive real estate services and products across various fields, including housing projects that include high class and deluxe villas, vertical flats and accommodation buildings, office buildings and the purchase and apportionment of large spaces in selected areas. The company's record includes a number of outstanding projects. In Kuwait this consists of, (but not exclusively): Al Maha Villas, 7 Zones, Al Roya, Clover Clinic, and Kuwait Business Town. In Dubai their projects includes (but not exclusively): The Villa, Dubai Healthcare City, The Icon (1&2), Sky Gardens, Al MazayaAl Mazaya Business Avenue and Queue Point at Al Liwan, in addition to several other projects in Lebanon and Jordan. Al Mazaya HoldingAl Mazaya Holding has conducted several feasibility studies for strategic investment in number of property markets and has investments in others such as KSA, Bahrain, Oman and Qatar, with the aim of achieving high returns.
Serine Srouji
SAHARA Communications
Tel: +971 4 3298996
Fax: +971 4 3298995
Mob: +961 3 581 208
Email: serin@saharagcc.com
www.saharagcc.com
© Press Release 2010
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