The establishment of a new real estate firm, ‘Mizin,’ the region's first real estate development and facility management company, was announced earlier this week by Tatweer, a member of Dubai Holding.
Mizin is expected to launch various pioneering projects worth Dh5 billion within17 months, according to Khaleej Times. The firm’s CEO, Sami Al Hashmi, will be responsible for the infrastructure development of Tatweer's landmark projects, whose value is estimated to reach tens of billions of dirhams. Such projects include the world’s largest hospitality center with over 29,000 rooms, the Dh100 billion Bawadi project; Dubai Industrial City and Dubailand, the region's leading leisure and entertainment development project.
“I am certain that Sami Al Hashmi, with his outstanding international and regional track record, will be instrumental in taking this pioneering concept to new levels not only in Dubai, but all across the region,” said Saeed Al Muntafiq, CEO of Tatweer.
"We will launch projects only when the planning is finalised and its primary infrastructure is close to completion."
“Mizin's reputation will be built through its capacity to deliver high quality products and provide excellence in customer service. Its projects will respond to market demands and will all be generated from unique ideas and implemented with unprecedented attention to detail in line with international standards,” he added.
Tatweer is a Dubai Holding company formed in December 2005. Apart from Mizin, Tatweer currently owns eight market-leading companies operating in three strategic sectors: energy & healthcare, tourism & entertainment, industry & knowledge.
