Dubai: Aktau Development Limited (Kazemir Aktau)- Kazakhstan's largest private real estate developer and an affiliate of Kazemir Group of companies - announces its first participation in Cityscape 2007 in the Emirate of Dubai to introduce Aktau New City investment opportunities in a project stretching over 35 million square meters of land on the magnificent shores of the Caspian Sea in Kazakhstan.
This announcement comes after the official inauguration of its Aktau City Project held last September under the patronage of the President of Kazakhstan Nursultan Nazarbayev. Attending the inauguration through private invitation by the President was His Excellency Sheikh Abdullah Bin Zayed Al Nahyan - Minister of Foreign Affairs in the UAE, Sheikh Sultan Bin Tahnoun Al Nahyan - Chairman of the Board of Abu Dhabi Cultural and Heritage Authority, Ministers, local State Officials, international and local business community leaders and other esteemed guests, witnessing the symbolic launching of the development of the new Aktau City.
The Project will turn this city into a year round destination in a bid to benefit from and promote the prosperous economic developments of Kazakhstan. The project offers lucrative investment opportunities in the rapidly growing economic boom of Kazakhstan, reflecting on its strategic location and proximity to Kazakhstan major seaport and the gas and oil production areas.
As the Master Developer of the Project, Kazemir Aktau has officially appointed Millennium Development International (MDI) as the principal development strategists and development manager of the Project. Millennium is the urban development management arm of Saraya Holdings, itself specializing in hospitality real estate development, investments and property management.
Commenting on their participation in this international exhibition, Ziad Abu Ragheb, Chairman of the Board, Kazemir Aktau said: "We are eager to have a strong presence that reflects our vision. The exhibition will provide us with an opportunity to interact with regional and international investors alike, therefore enabling us to elaborate on our vision and introduce the investment opportunities to the local and international investors. The Project constitutes a mixed use city, targeting the rapidly growing economies of oil, gas, freight, transportation and tourism within the city of Aktau. He further elaborated, "We will be launching the infrastructure works to service the first phase of the project stretching over 35% of the total land area. The project is targeting a population of one million people with an approximate value of US$ 40 Billion. "
Highlighting the significance of the project, Kazemir Group Advisor Mr. Amangeldy Makhashov stated that "We are proud to be Kazakhstan's premier master developer of the Caspian Sea city of Aktau and to be contributing to the positioning of Kazakhstan as professional and world class investment hub for international and local investors in the real estate industry.
It is noteworthy to mention that this project will be planned and implemented as per consecutive phases targeting various districts such as the central business district, the leisure and touristic district, the cultural district, the medical district, the academic district, the convention and fairs district among many others.
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About Kazemir Aktau Development Limited:
Kazemir Aktau Development Limited (Kazemir Aktau) is an affiliate of Kazemir Group Ltd, and forms part of a group of companies established to invest in a multiplicity of economic sectors in Kazakhstan. Kazemir Aktau is Kazakhstan's largest land and real estate development Company.
Kazemir Aktau is the master developer of a new city at Aktau, on the Caspian Sea, extending over a land area of more that 40 million square meters and targets a population close to one million. Launching the initial ground works for Aktau New City in September 2007, Kazemir Aktau endeavors to accommodate the rapid and dynamic growing economy of Kazakhstan, contributing to building a new silk road of the expanding gas, oil, freight transportation and tourism industries in Kazakhstan.
The main premise of the corporation is located in the city of Almata in Kazakhstan. Offices in the city of Aktau and representative offices in the city of Dubai are currently under construction.
About Millennium Development International:
Millennium Development International (MDI) is a member of Saraya Holdings specializing in hospitality and mixed use real estate development, land development and property management. As a developer, MDI offers world class experience in large scale and mixed use projects. MDI manages its own real estate investments and at the same time provides integrated development management services for third party developers.
MDI's expertise is all-encompassing, and is delivered under the umbrella of Development Management whether for real estate projects, land development projects or a combination of the two. MDI calls on the expertise of the entire Group as the project goes through its development cycle, starting from inception, evaluation, execution and all the way through operations. MDI offers tailored services for all or certain parts of the real estate development cycle.
For further information please contact:
Kazemir Aktau
Email: info@kazemiraktau.com
Website: www.kazemiraktu.com
© Press Release 2007
