EIG plans to develop futuristic tourism and residential project

Um Al Quwain - November 8, 2006

His Highness Sheikh Abdullah Bin Rashed Al Mualla, Umm Al Quwain Deputy Ruler, and Sheikh Tariq Bin Faisal Al Qassimi, Chairman of the Emirates Investments Group LLC (EIG) have recently signed an agreement that will see the establishment of White Bay, a master planned community and tourism resort within the Emirate of Umm Al Quwain. 

With further details to be announced in the coming weeks, the project is worth more than AED 8billion.  It will be marketed and managed by Emirates Sunland Group (ESG).   

Emirates Sunland Group is a 50:50 partnership between Sunland Group, an Australia based property development company, and UAE based Emirates International Holdings Ltd.  Emirates Sunland Group have recently opened offices in Dubai in preparation for the launch of several new projects in the UAE, including the world's second Palazzo Versace Hotel, D1 Tower, an 80 storey residential/resort tower on Dubai Creek.  

Speaking at the signing to mark the occasion, Mr. Raza Jafar, Managing Director of EIG commented, 'We are proud to announce our partnership with the Emirate of Umm Al Quwain in the development of such a prestigious and important project. This project will compliment the various other mega projects already under development in the Emirate and we envisage that such a scheme will contribute significantly to the economic growth and prosperity of both Umm Al Quwain and the UAE as a whole.'

Umm Al Quwain is currently undergoing a complete renovation and improvement of its infrastructure with billions of dirhams in investment being dedicated to the establishment of colossal residential and tourism mega-projects.

Mr. Soheil Abedian, Managing Director of Emirates Sunland Group says of the White Bay project, 'White Bay will be a destination for those who would like to experience the facilities and services of a world-class resort, all in the beautiful natural environment of Umm Al Quwain.  All buildings will be built at a human scale with no building exceeding 15 storeys and all will have full access to the water and green-belts areas."

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© Press Release 2006