Dubai, October 27, 2013: Al Zorah Development Company, a joint venture between the Government of Ajman and Solidere International, has announced its agreement with India-based global hotel operator, The Oberoi Group, to manage and operate the first luxury resort within its flagship integrated mixed-use development.

Marking the execution of the first phase of Al Zorah's development, which is lined by 1.6 kilometre of beach frontage and bordered with mangroves, the agreement also celebrates the groundbreaking of the hospitality property in what is billed to be Ajman's newest lifestyle destination.

The Oberoi Group's subsidiary, Oberoi Hotels & Resorts will manage the world-class luxury resort, featuring 113 guestrooms and suites, many of which feature their own private pools. The hotel, spanning 100,000 sq m with 290 m of beachfront, offers pristine views of the Gulf.

The leisure hotel will be designed by Piero Lissoni, internationally renowned Italian architect and designer, known for his modern and contemporary style. Lissoni will work in partnership with the Norr Group to implement the spectacular design concept.

The modern and unique essence of the resort is represented by its immaculately landscaped gardens and water features, all of which create an elevated ambience of splendor. The guestrooms in the main building will open to exquisite views from large balconies and terraces. The two- and three-bedroom villas will have their own private swimming pools and gardens, exuding an exclusive experience.

The all-day dining restaurant and the beach restaurant provide the charm of rich fine dining experience, within an exquisite setting. The SPA experience is inspired from traditional fort style, presented in a contemporary and serene environment.

Upon completion, Al Zorah Resorts' project is expected to become a premium tourism destination, located on the Northern Coast of the Emirate. The mixed-use development, located on a land area of 5.4 million sq m, is envisaged to become the ultimate hub for hospitality and leisure in the region. Six Construct, the main contractor for project, has commenced on-site construction and the project is scheduled for completion by summer 2015.

With over 15 years of experience in urban planning, and project consultancy and management, Solidere International, partly owned by Solidere, offers the full-spectrum of services including master-planning, financing, marketing, and management for developers and planners regionally and internationally.

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About Al Zorah Development Company
The Al Zorah Development (Private) Company P.S.C. is a joint venture between the government of Ajman and Solidere International. It was incorporated on October 31, 2007 as a Free Zone Company under the laws of Ajman, United Arab Emirates. Its objective is to carry out all business relevant to the development of the Al Zorah area, as well as acquire land and property and then market, manage and lease these for the Company or other parties. In addition, the company's aim is to develop Al Zorah to become a distinctive tourist destination that includes a number of hotels, resorts, marinas, entertainment facilities and restaurants. The company's capital is AED 2 billion.

About Solidere International
Solidere International is a fully integrated developer that is active in land and real estate development, real estate investment management, development management and property management. Solidere International is a limited company by shares, registered under the laws of the Dubai International Financial Center (DIFC), with a paid up capital of USD 700 million.

Solidere International is currently developing mixed-use projects in the UAE, KSA and Lebanon with a total projects value exceeding USD 1.5 billion. The in-house expertise of Solidere International covers all aspects of the development value chain spanning business planning, master planning, project finance, construction management, marketing, sales and property management services. 

The company is rapidly growing to become a premier regional and international property developer and development manager.

About Oberoi Hotels & Resorts
Oberoi Hotels & Resorts, is a part of The Oberoi Group, headquartered in Delhi, India and listed on the Mumbai Stock Exchange and National Stock Exchange under its principal holding company, EIH Ltd. The Group operates 20 world class luxury hotels, resorts and cruise vessels under the "Oberoi" brand and a further 10 five-star hotels and resorts under the "Trident" brand. The Oberoi Dubai, featuring 252 rooms and suites, is located in Downtown Dubai, and opened in July 2013. Oberoi is a globally acclaimed luxury hotel operator with several hotels repeatedly rated as amongst the top 50 hotels globally. Most recently, in July 2013, the readers of Travel & Leisure magazine voted "Oberoi" as the world's best hotel brand globally in its reader poll of the World's Best.

For more information, please contact:
Kelly Home
ASDA'A Burson-Marsteller
T: +9714 450 7600
k.home@asdaa.com

© Press Release 2013