Abu Dhabi, UAE - December 26, 2007 - Sorouh Real Estate, one of the UAE's leading real estate developers, have announced the appointment of Parsons/Mouchel Parkman as joint venture infrastructure consultant for Al-Ghadeer, Sorouh's integrated mixed use development located at Seih Al-Sdeira on the Abu Dhabi - Dubai border.

The announcement follows a closed-bid invitation to a short-list of top international consultancy companies.

Under the terms of the contract Parsons/ Mouchel Parkman joint venture will undertake infrastructure works of the 3 million square metre development covering road networks, utilities and landscaping, in addition to the amenities that provide a great recreational, educational and commercial experience. Parsons and Mouchel Parkman are world leaders in their respective fields and are presently associated with several Sorouh projects.

Dr Adnan Sahli - Executive Director of Projects at Sorouh Real Estate said: "Parsons/ Mouchel Parkman joint venture forges a strong and well-integrated team which draws on each other strengths and resources for an effective and beneficial partnership."

Bringing the concept of 'Easy Living' to life, Al-Ghadeer comprises affordable luxury and convenient lifestyle for more than 18,000 residents. The mixed-use development's strategic location provides quick access to UAE's main commercial centers and economic development zones. The strategic location of the project gives residents the opportunity to live close to work, and even closer to life.

The site is approximately 10 minutes drive to the new Dubai airport at Jebel Ali and 20 minutes from Abu Dhabi's proposed new port facility, Taweelah, which is expected to be the region's largest port.

 "As one of leading players in the UAE's vibrant property sector, Sorouh is racing ahead with its execution of different projects. There has been an overwhelming response from local and regional investors which is why we have appointed globally renowned companies to ensure that the highest standards are maintained as part of our goal of delivering satisfaction to our discerning clients," said Masood Al-Awar, Executive Director, Sales & Marketing, Sorouh.

-Ends- 

About Sorouh Real Estate P.J.S.C.
Abu Dhabi based Sorouh was established on June 26, 2005 with a capital of AED 2.5 billion.  Today it is one of the largest real estate developers listed on the Abu Dhabi Securities Market with a market cap close to AED 16 billion. It is one of the most widely held issues with approximately 45,000 shareholders. Sorouh's corporate vision is to "bring communities to life in perfect balance." Its real estate projects are master-planned and designed to meet all core needs of human wellbeing. Sorouh employs in excess of 150 highly qualified professionals operating in the field of master-planning and master-development.

Sorouh now has in excess of AED 45Bn of projects under development. These include:

Al Ghadeer, an oasis of easy living on the border between Abu Dhabi and Dubai. Expected to be home to over 18,000 people the 3million sq m site is a complete community featuring affordable homes yet offering easy access to the UAE's commercial centres airports and ports. SHAMS Abu Dhabi, Sorouh's flagship project is an AED 25Bn landmark development on Reem Island. A complete new city of 55,000 residents, SHAMS Abu Dhabi will be a self sustaining city of canals and parks which integrates world-class master planning practices and extends the lush green of Abu Dhabi's landscape.

The Gate District on SHAMS Abu Dhabi is a cluster of 8 towers located at the entrance to SHAMS Abu Dhabi. Now architecturally renowned worldwide the AED 11Bn residential, office and retail development is designed as a gateway to the peninsula from Reem Island. The Gate District also includes the 74 storey Sky Tower which will be a pinnacle of luxury for its residential and commercial occupants when completed.

Sorouh is also developing the Golf Gardens overlooking the Abu Dhabi Championship Course, the Abu Dhabi Aviation Authority residential project, Al-Shamkha national housing project and the Tala Tower as well as Saraya on the Abu Dhabi Corniche.

For more information please contact:
Nancy Fetouh
Assistant Marketing Manager
Sorouh Real Estate P.J.S.C.
Tel: +971 2 444 0006
Fax: +971 2 444 0066
nfetouh@sorouh.com

Farah Nami
Junior Account Executive
Hill & Knowlton
Tel.: +971 4 3344930 ext 620
Fax: +971 4 334 4923 /33
Farah.nami@hillandknowlton.com 

© Press Release 2007