Sharjah - May 14, 2007: Tameer Holding, the region's leading real estate company, handed over last week the first 99-year lease contract for premises purchased at the Emirates Modern Industrial Area (EMIA) to representatives of Unipack Containers and Carton Products L.L.C. The transaction is a landmark event - being the first of its kind in the UAE and likely to set the precedence for future lease agreements for companies and firms operating in the country.

Unipack Containers and Carton Products, represented by Managing Director, Mr. Shrikant M. Kasat and Executive Director, Mr. Prasad Doshi, has purchased plots 27, 29 and 31 on an area of 130,000 square feet in Block 2 at EMIA. Established in Dubai in 1994 and operating across the Middle East, Europe and the Subcontinent, Unipack & Carton Products is a joint venture packaging company specializing in corrugated cartons, boxes, stretch and cling film, aluminum foils and its related products. The firm also boasts a trading division dealing with economically priced PS foam. Since its initial purchase, Unipack announced that they intend to buy a further 100,000 square feet within the Emirates Modern Industrial Area.

Mr. Abdallah Hageali, Tameer CEO, said: "It is with great pride that we present this property to the first of our buyers in the EMIA project.  Tameer's goal with the development of EMIA is to set new standards in terms of commercial and industrial real estate, and we anticipate unprecedented prosperity for all who share in our vision."

The Emirates Modern Industrial Area is the first of its kind in Umm Al Quwain, and is a classic example of the level of innovation present in all projects developed by Tameer.  EMIA, by means of its practical and spacious layout, lends itself to the utmost streamlining of industrial activities, especially in terms of logistics and accessibility. 

Unipack Managing Director, Mr. Shrikant M. Kasat said that Unipack looked forward to setting up operations at their EMIA premises, and expected to see a substantial increase in productivity due to the innovative planning of the facilities there.

EMIA is a commercial and industrial city situated in the emirate of Umm Al Quwain, covers an area of 80 million square feet.  It is the first development of its kind in Umm Al Quwain and offers investors a complete infrastructure, uniquely tailored to the needs of industrial enterprises.

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About Tameer:
The journey of Tameer began in 1991. Tameer, a UAE based company, has grown and expanded over the years with the aim of becoming the leading property developer in the region. In 2005, Tameer Holding formed a strategic partnership with Al-Rajhi Investment Group and today the firm's investment portfolio in the realty market totals over AED 150 billion.

Currently, Tameer Holding is developing key projects in UAE, such as AlSalam City in Umm Al Quwain city, and Al Ameera Village in Ajman, with the world's tallest residential tower "Princess Tower", located in Dubai Marina. This was followed by other key projects in Dubai such as the Al Dana 1 & Al Dana 2 projects, Al Shahd Tower on the Emirates Hills, Al Jawzaa in International City, The Regal Tower in Business Bay, The Palace Towers in Dubai Silicon Oasis, Elite Residence in Dubai Marina and Imperial Residence in Jumeirah Village.

In addition to these projects in UAE, Tameer has numerous international developments including the ground breaking Tameer project in Yemen with a mixture of residential & tourism developments, Madeenat Al Majd in Jordan and Al Hanaa City, Tameer's largest project in Libya.

© Press Release 2007