Tanmiyat Investment Group hosted a seminar on Investment Opportunities in the Emirate of Ajman in Shanghai, China on Thursday 24 May, under the patronage of HH Sheikh Rashid Bin Humaid Al-Nuaimi, Chairman of the Ajman Municipality and Planning Department.
The event was attended by the Chairman of Shanghai's Chamber of Commerce, as well as a number of high-ranking businessmen and investors from around the world. During the seminar, Sheikh Rashid highlighted the investment environment created in the emirate by new rules and legislation, tailored to attract investors to the region.
Sheikh Rashid said in his speech, "Recent changes in Ajman's property laws have opened up the market to foreign investors, offering unique opportunities for high-return investments in a stable and desirable environment. We are pleased to invite people from all over the world to share in our rich cultural heritage as well as the largely untapped development potential the region has to offer."
Ajman, which spans an area of only 260 square kilometers, has witnessed an economic boom in recent years, which has seen its population swell from 36,000 in 1980, to approximately 236,000 in 2007. Flexible investment regulations and an open business environment draw many people from within as well as from outside the UAE, seeking lucrative business opportunities in the sea-side emirate.
One of the main developments currently underway in the area is Tanmiyat Group's Ajman Marina project, which was unveiled in February and is now being introduced to the Chinese market as a key investment opportunity in the region. The Ajman Marina development is to be built along a 12-acre stretch of land near the Ajman Kempinski Hotel, and the design contract for the project has been awarded to world renowned design group, HOK. Work has already commenced to map out the master plan for the marina, which will be comprised of residential, commercial and hospitality facilities.-Ends-
About Tanmiyat
Based in Saudi Arabia, Tanmiyat Investment Group is a leading investment and real estate developer in the Middle East region. Tanmiyat was established in 1982 and began to develop its investment programs in the real estate market successfully launching a series of massive projects and quickly gaining a leading position in the region. With an experienced staff of 200 persons, gathering creative engineers, designers and professionals, Tanmiyat has a large number of projects being developed across the Middle East, including in KSA, UAE, Turkey, Jordan and Sudan, creating an investment portfolio today worth USD 9 billion.
For further information, please contact:
MeeA Parkins
Account Manager
SAHARA Communications
Tel: 050-8852454
Muriel Farah
PR Coordinator
Tanmiyat Group
Tel: +971 4- 3329110
Fax: +971 4- 3329115
Mobile: +971 50 454 0866
Email: muriel@tanmiyat.com
© Press Release 2007
