posted on 25/11/2006: 1028 views
VIP industry movers and shakers and senior officials, investors and shareholders witnessed the dawn of a new chapter in Abu Dhabi real estate history. In a ceremony held at Emirates Palace Hotel in Abu Dhabi under the patronage of minister of presidential affairs Sheikh Mansour bin Zayed Al Nahyan, Manazel Real Estate has officially launched its first mega-development, Abu Dhabi Building Materials City onto the world stage.
"With a total cost of Dh4 billion and a total area of 2.5 million sq. ft , Abu Dhabi Material City is strategically positioned close to Abu Dhabi International Airport, Al Raha Beach, Musaffah and Mohamed bin Zayed city", said Chairman of Manazel Real Estate, Mohammed Al Qubaisi.
"Manazel Real Estate looks towards keeping pace with the boom the construction industry in the UAE through implementing this project." "This City is going to offer all associated services and facilities and bolster the role our organization plays in the development of the construction sector and meetings the demand for various building materials", Al Qubaisi added. (Emirates News Agency, WAM)
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