Sorouh is proud to confirm that its iconic Sky Tower project is progressing on schedule. To date, the concrete of the three basements have been fully completed with plans to pour the first floor slab before the end of this month.
Furthermore, the core walls up to level four of the Tower have been completed with placement of steel reinforcement between levels four and five which is expected to be poured in the coming days.
"Gaining the trust of our investors is a key driving force in our philosophy at Sorouh,' said Mounir D. Haidar, Sorouh Real Estate CEO. "When we launched Sorouh two years ago, we promised timely delivery of our developments. Sky Tower's development to date is a clear sign of our determination to keep our promise."
-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 9.7 billion. It is one of the most widely held issues with approximately 55,000 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 the four core needs of human wellbeing: physical, intellectual, social and spiritual. Sorouh employs in excess of 120 highly qualified professionals operating in the field of master-planning and master-development.
Sorouh now has around AED 40 Bn of projects under development. These include:
SHAMS Abu Dhabi, Sorouh's flagship project is an AED 25Bn landmark development on Reem Island. A complete new city of 60,000, 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 as well as Abu Dhabi's tallest building 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.
Editorial contacts:
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
Riham El Adl
Account Manager
Hill & Knowlton for Sorouh Real Estate
Tel.: +971 4 3344930 ext 625
Fax: +971 4 334 4923 /33
Riham.eladl@hillandknowlton.com
© Press Release 2007
