FUJAIRAH -The
Dubai Investments (DI)
and the Fujairah Investment Establishment (FIE), the investment arm of
the Fujairah Government, have launched a new set of four real estate
and industrial projects in Fujairah at a total cost of Dh 2, 5 billion,
said Khalid bin Kalban, chairman of the board of directors of
Al Taif Investments, at a Press conference held yesterday to inaugurate the Al Taifí Investments branch in Fujairah.
Mohamad Saed Al Danhani, director of the Ameri Court of Fujairah. also attended the Press conference.
Bin Kalban said: "The first project is called the Fujairah Business
Compound. It includes two towers; one of which consists of 44 office
stories and the second of 33 floors."
"This project
includes a five-star hotel and furnished apartments with a total
capacity of 424 hotel rooms. The hotel contains two stories for
shopping piled up at an area of more than 300,000 square feet,
accommodating a set of well-known retailing stores." The total area of
the first project where its location is set to be next to Al Bustan
ballroom at Hamad bin Abdullah Street is estimated at 1,600,000 square
feet and will cost more than Dh 1 billion.
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