Al-Salam City gets started

12 May 2006
A local joint venture of the Al-Jaber Group and a company identified as Al-Jiffen has begun rough grading works for the first phase of the Al-Salam City project in Umm al-Qaiwain (MEED 17:2:06).
Phase 1 is scheduled for completion by 2008, and comprises the entire city's infrastructure, a downtown area with one of the federation's largest shopping malls, 20 residential and commercial towers each of about 20 storeys, a residential district with 1,000 villas and 200 buildings ranging from five-10 storeys. It will also include a 50-storey luxury hotel.

The new city will create housing for 500,000 people and require $8,300 million of investment. Foreign nationals will be able to buy property in the project on a 99-year leasehold basis.

Dubai-based Artech Projects Consultants & Management is the concept designer. The client is Sharjah-based Tameer, which is 50 per cent owned by Saudi Arabia's Al-Rajhi Group.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications