MoU between TASWEEK & KONARK to consolidate mega project capabilities

TASWEEK Real Estate Marketing and Development, a leading property advisor and solutions provider, has signed a Memorandum of Understanding (MoU) with real estate development advisory services company KONARK Resources to combine their industry expertise and jointly pursue mega projects throughout the region. 

Dubai-based KONARK has directed the development of projects in various sectors including low- and high-rise residences, commercial spaces, hotels and leisure facilities, schools, healthcare and infrastructure. TASWEEK and KONARK will join efforts in order to manage the development of the various projects that come within the USD 250 million portfolio of Tasweek in various geographical segments. 

“By consolidating our capabilities and resources with KONARK we will enhance our appeal among developers seeking full-service real estate solutions. At the same time, this partnership will reinforce our own management competencies and also enhance the feasibility of our ongoing and targeted developments. KONARK and TASWEEK share a strong commitment to service quality and enhanced value so we expect our upcoming joint ventures to be highly productive,” said Masood Al Awar, CEO, TASWEEK Real Estate Marketing and Development. 

KONARK Resources is currently engaged in several developments across the Middle East and India. It offers a broad range of customized real estate solutions covering the functional domains of Investment, Strategy and Delivery.    

Backed by over 20 years of pioneering expertise and leadership in the property sector, TASWEEK Real Estate Development and Marketing offers a one-stop shop for real estate and marketing needs. Its specialties cover Purchase and Sale of Strategic Assets; Asset Management; Joint Ventures and Strategic Alliances; and Marketing Consultancy.