Tatweer establishes Tatweer Dubai and Tatweer Investments

Tatweer, a subsidiary of Dubai Holding, has announced a restructuring of its operations where the real estate firm will pioneer as the holding company. Under the new structure, Tatweer Corporate will bring its entities across six diverse sectors under two distinct divisions - Tatweer Dubai and Tatweer Investments. Saeed Al Muntafiq is the Executive Chairman of Tatweer Corporate and responsible for the creation and overall delivery of the strategic plan, corporate governance, risk management and people development.

Al Muntafiq said

“As a strategic driver of a select group of entities, Tatweer’s restructuring initiative is in response to its enormous growth curve. It also marks the transition of Tatweer from its initial phase of identifying core business areas to its next state of delivering critical projects in Dubai while establishing a sound base for international growth”.

Khalid Al Malik is the CEO of Tatweer Dubai. He will focus on scheduled project delivery within the UAE and strategic long-term partnerships with organizations such as Partners-Harvard Medical International, Tiger Woods and Universal Studios. Tatweer Dubai’s entities comprise Dubai Healthcare City (DHCC), Dubailand, Bawadi, Theme Parks Cluster, and Dubai Industrial City.

Ahmad Sharaf is the CEO of Tatweer Investments. He will drive Tatweer’s foray into international markets, leveraging its synergy with global strategic partners. Tatweer Investments will extend Tatweer’s existing intellectual property portfolio and generate innovative IP driven investments and partnerships overseas. It will support MIZIN and establish new businesses in the food industry through alliances with leading international brands.

Tatweer Dubai and Tatweer Investments will work closely together in transforming Tatweer into an excellent organization. The new entities will facilitate the on-time delivery of real estate projects, enhance corporate governance and create an environment for sustainable development.

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Dubai Industrial City Commences Construction of Four Office Buildings with Investments of Over AED200 Million

Dubai Industrial City, a member of Tatweer, today announced construction work for four office buildings has commenced with investments of over AED 200 million.

The new buildings will increase commercial space offered by the industrial township to eight buildings. Four buildings that are currently operational at Dubai Industrial City are fully leased out. With the new buildings, office space will increase by an additional 235,000 sq. feet to meet the escalating demand for retail commercial area.

Rashed Al Ansari, Vice President, Dubai Industrial City, said:

“The momentum gained by Dubai Industrial City through adding new components and business-friendly amenities is rapidly enhancing its appeal as a preferred choice for major industry players. Given its strategic location, the level of overall integration and convenience provided to our tenants and employees successfully ensure the creation of an ideal work, live and play environment.”

Offering uninterrupted office floors that will be leased to clients as per their individual requirement, the buildings will also boast 90-minute fire resistant doors, validating Dubai Industrial City’s priority to assure optimum safety measures across its facilities.

“These offices come as part of our strategy to extend comprehensive facilities to our industrial investors. Apart from building their factories across the six industrial zones, our clients will now have the ease to deliver holistic services through locating their administrative support system in the new offices located within the same premises,” added Al Ansari.

Scheduled for completion in early 2010, the floors of each of the four buildings will be designed on raised levels to give tenants the freedom of re-planning their office layouts.

The buildings will also include a total of 416 parking slots, including 326-spot underground parking and 90 open-air parking bays. It will also boast a food court servicing the four buildings, and a business centre equipped with state of the art technology and exhibition areas. Convenient banking services and a government service centre will provide further services to industrial entities based at the township.

Located adjacent to the Al Maktoum International Airport (Dubai World Central) and in close proximity to Jebel Ali Port and Free Zone, with easy accessibility to major highways such as Sheikh Zayed Road, Emirates Road and the Dubai Ring Road, the 560 million square feet Dubai Industrial City isa dedicated industrial destination comprising six industrial clusters for food and beverage, base metal, mineral products, chemicals, transport equipment and parts, and machinery and mechanical equipment.

Complementary facilities for logistics, warehousing, labour villages, industrial training, in addition to commercial, residential and entertainment zones, position Dubai Industrial City as a comprehensive one stop-shop destination. It also provides tenants with a critical competitive advantage in human resources, logistics and business operations.