Construction of Remraam Community on Track

Mizin begins large-scale concrete pouring of foundations

Dubai, 25 November 2008 – Mizin, the real estate development arm of Tatweer, today announced that construction of the 23.5 sq ft Remraam™ community was proceeding as scheduled with concrete pouring of building foundations underway.

The current phase of construction involves building of the sub and super-structure of the 198 buildings within the community. The development is projected to have over 15,000 construction workers and engineers, making Remraam™ one of the largest construction sites in the UAE. The volume of concrete required for the foundations alone is equivalent to 1 million cubic meters, enough to fill 400 Olympic sized pools.

Ahmad Sharaf, CEO of Tatweer Investments, said,

Residential projects of this magnitude and complexity require an advanced level of expertise and strict adherence to high standards of build quality. Timely construction in accordance with these standards and expertise is a reflection of Mizin’s commitment towards delivering on its promises and elevating the current norms within the real estate industry.

With contracts valued at AED 6 billion, Dubai Civil Engineering, Al Ghafly General Contracting and Parkway International have been selected by Mizin to work simultaneously on several stages of construction across the four phases of the Remraam™ project.

Remraam™ is Mizin’s fourth development, following the successful launch of the three communities, strategically located within Dubailand®; the 13 million sq. ft. LIWAN™ project, the 20 million sq. ft. ARJAN™ development, and the 16.5 million sq. ft. MAJAN™ development.

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:

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