Mizin Awards Contracts for Phase-II Infrastructure Development at LIWAN™, ARJAN™ & MAJAN™

Dubai: 29 November, 2008 - Mizin, the real estate development arm of Tatweer, today announced the award of Phase II infrastructure works on the LIWAN™, ARJAN™ and MAJAN™ master developments. The contracts worth several million dirhams have been awarded to Bin Laden Construction and Emirates Roads Contracting (ERC).

Following the successful and timely completion of Phase-I infrastructure works at LIWAN™, ARJAN™ and MAJAN™, which included the installation of multi-lane road systems and street lighting, Phase-II infrastructure works involves the construction of networks for water, power supply, irrigation facilities, sewerage and drainage, as well as the telecom infrastructure, across the combined area of almost 50 million sq ft. It will also ensure the creation of well-defined sidewalks and pathways, with landscaped areas.

Ahmad Sharaf, CEO of Tatweer Investments, said:

The scheduled delivery of each infrastructure phase is testament to Mizin’s commitment to meet construction milestones within the three projects. This allows investors crucial access to the site and enables them to develop their projects with a timely and structured approach.

Mizin revealed that an extensive pre-qualification process was conducted prior to awarding the contracts to ensure that Phase-II infrastructure work at the three communities would be on par with the master planner’s rigorous quality and delivery standards. Phase II infrastructure works on all three communities are due for completion by mid-year 2010.

ARJAN™, LIWAN™ and MAJAN™ are mixed use developments located in DUBAILAND ® on the Emirates Road. Upon completion, the three developments will house over 187,000 residents.

ARJAN™ is situated at the meeting point of old and new Dubai. The development spans a 20 million sq ft site and will accommodate 67,000 residents in properties featuring a distinctive Art Deco architectural style.

ARJAN™ also boasts the first dedicated open air amphitheatre.

LIWAN™ is destined to become the Gateway to the New Dubai with 65 percent of its 13 million sq ft area dedicated to open spaces. On completion, LIWAN will be home to 35,000 people.

MAJAN™, accessible by the Emirates Road, is set to become the Downtown of DUBAILAND ® and is expected to accommodate over 85,000 people within the 16.5 million sq ft area.

Since its inception in September 2006, Mizin has launched four strategically located communities (MAJAN™, LIWAN™, ARJAN™and Remraam™), covering a total area of over 73 million sq ft.

Notes to Editors

About Mizin:

Mizin, a member of Tatweer, aims to become the developer of choice in the UAE, by combining business acumen with expertise and customer insights, supported by a service that is confident, transparent and genuine.

Since its inception in 2006, Mizin has already launched three strategically located communities, LIWAN™, MAJAN™, ARJAN™ that cover a total area of over 70 million square feet. Each of these developments focuses on creating a unique environment, thus enabling a unique lifestyle; MAJAN™ - the dynamic, cosmopolitan downtown of Dubailand, ARJAN™ - an art-deco inspired metropolis and LIWAN™ - the ‘gateway to New Dubai,’ modeled on modern architectural styles, offering the eclectic lifestyle of a modern suburb.

Mizin’s fourth development, REMRAAM™, is the best selling development to date in the UAE, selling over 8,000 units within 7 months. Conceived to fill a prominent gap in the market, REMRAAM™ meets the needs of families looking to have an affordable yet upscale lifestyle, founded on unparalleled quality standards.

Mizin is currently working on a series of innovative developments of varying usages such as iconic towers, new retail and entertainment concepts as well as niche oriented residential and mixed use developments.

Mizin will continuously place the needs of property buyers first, developing projects with people’s lifestyles and aspirations in mind.

About Tatweer Investments:

An outcome of Tatweer’s organizational restructuring, Tatweer Investments is the development arm of Tatweer, mandated to extend the conglomerate’s existing portfolio and generate innovative IP-driven investments and partnerships in Dubai and overseas.

Tatweer Investments currently comprises several leading brands, pursuing ambitious business development plans to bring unique IPs in wellness, food and beverage, retail, theme parks, as well as in leisure to the entire region through Dubai-based companies.

Tatweer Investments’ current entities include Mizin, one of the most advanced real estate companies in the region, which will be steered by the parent company in its relentless drive to becoming the developer of choice in the UAE through focusing on outstanding quality, customer advocacy and project delivery. In addition, Tatweer Investments will also drive the sustained growth and development of Dubai Mercantile Exchange, the first energy futures exchange in the Middle East set up in partnership with the New York Mercantile Exchange.

With a view to establishing alliances with leading international brands, Tatweer Investments will launch a food and beverage entity to bring globally renowned brands and innovative in-house culinary concepts to an increasingly sophisticated market.

Employing cutting edge solutions to improve efficiency, Tatweer Investments will adopt premium environmental standards, and ensure a positive and sustainable footprint across all its projects.

Tatweer Investments will complement Tatweer’s vision by continuously striving for world-class performance, while implementing leadership development to drive and sustain business excellence.

For more information please call
Aseel Nihad
Associate Account Manager
Jiwin Public Relation
Phone: o5o 7887853
e-mail: aseel.nihad@jiwin.ae

Or

Youssef sahyoun
Account Executive
Jiwin Public Relation
Phone : 055 210 2110
e-mail: youssef sahyoun@jiwin.ae

Or

Parisa Chum
PR Manager
Mizin
Phone: 050 383 9181
e-mail: parisa.chum@mizin.ae