RAK Properties PJSC, Ras Al Khaimah’s largest property developer participated in the UAE - Asia Investment Forum, where Mohammed Sultan Al Qadi, Managing Director of RAK Properties was part of the official UAE convoy to the forum that was held from October 30th to November 2nd, 2006 at the Suntec Singapore International Convention & Exhibition Centre in Singapore.
The forum provides information about business expansion opportunities and a potential market hub in the UAE and Singapore, acting as an effective networking base for business people and investors from the region.
RAK Properties showcased its premier projects; “Mina Al Arab” that spreads over an area of 30 million square feet with a value of AED 10 billion, along with “Julfar Towers” that is comprised of two 43-storey towers, one residential and the other commercial, valued at AED 500 million.
Commenting on the participation, Al Qadi said: “We are proud to be part of the official UAE convoy to the forum which denotes RAK Properties status as one of the leading property developers in the region.”
“RAK Properties is always keen to participate in regional and international exhibitions that address real estate development and investment, in an attempt to attract investors and tourists alike to Ras Al Khaimah” added Al Qadi.
Al Qadi has also met with some of the leading corporations in property development, tourism and investment in Singapore and Asia that resulted in preliminary discussions for potential business co-operations in the future.
The attention that RAK Properties has managed to attract and maintain throughout the forum was articulated by many businessmen and investors, who have visited RAK Properties stand, in addition to senior officials of both countries who expressed their admiration of “Mina Al Arab” project’s unique location and its magical waterfront view and the variety of utilities, residential units, luxurious villas, hotels, shopping centers, restaurants, resorts and spas.
“Julfar Towers” project also received extremely positive feedback from the visitors, as it differentiates itself from other towers in offering various utilities and services such as the shopping center that comprises of stores, restaurants, café’s overlooking the creek, a kids’ play area and other amenities. The project is strategically located in RAK’s city centre and enjoys proximity with the city’s shopping malls hotels and markets.
RAK Properties’ participation has helped in shedding light on its recently launched projects and future plans, in addition to positioning RAK emirate as a tourism and investment destination in the region.
RAK Properties, a Public Joint Stock Company listed on the Abu Dhabi Securities Market, is a real estate development company that operates in a sector that is enjoying an economic boom. It is established to implement the emirate's plans to promote real estate, tourism and leisure facilities in RAK and invest in interesting projects. It is intended that its activities will encourage economic growth in the UAE in general and Ras Al Khaimah in particular. The company launched its first project, Julfar Towers - a 43-storied twin office and residential project at a cost of AED500 million - in February 2006 followed by Mina Al Arab - spread over 30 million sq. feet at a cost of AED 10 Billion - in May 2006.
© 2006 Al Bawaba (www.albawaba.com)
