Abu Dhabi, Feb. 25th, 2008(WAM) -- HH Sheikh Hazza bin Zayed Al Nahyan, national security advisor, opened Monday evening the new headquarters of Al Rayan Investment Company.
Following the opening ceremony, Sheikh Hazza held a meeting with the board of directors, and was briefed on the company's projects, strategic plans and the projects it wants to establish in Abu Dhabi, the UAE, and the Region. AL Rayan had already announced that it had the desire to establish the first youth city in Abu Dhabi with a total cost of AED one billion as economical housing. Fardan Al Fardan, head of the board of the company said, "The company will start on the project immediately after the approval of the plan by the relative authorities." He pointed out that the biggest part of the project, which covers 2.5 square feet, will be ready in 18 month time.Copyright Emirates News Agency (WAM) 2008.
