- Global Alliance
As a direct result of previous investments in the Middle East, a strong relationship has been forged between the Directors, the Managers and Al Mazaya www.mazayarealestate.com, a listed Kuwaiti property development company with a current capitalisation in excess of $800 million USD.
The Directors believe that this alliance will provide
access to investment opportunities in the UAE not
readily available to overseas investors. The allocation
of land for development in the region, if offered
to foreign companies at all, would be subject to
substantial premiums and the association with this
strategic local partner will allow the Company to
benefit from joint developer status.
Al Mazaya is already active in Dubai in a number of prime development projects:
- Sky Gardens in Dubai International Financial Centre
- The Villa in Dubailand
- Dubai Healthcare City
- Mazaya Business Avenue
- Queue Point in Al Liwan
Al Mazaya has an in-depth knowledge of the Dubai
property market and a network of high-level contacts
established over a number of years. As a result, they
often have access to proposed initiatives before
they come into the wider public domain.
Al Mazaya operates from dual headquarters in Kuwait and Dubai, the latter being located in the Dubai International Financial Centre (DIFC). The Company will operate from this office, ensuring regular interaction and exchange between the partners.
Future strategy may include developments in other GCC Countries such as those in Kuwait, Bahrain, Oman and Qatar. Al Mazaya already has considerable development experience in its home country Kuwait and recently announced its Kuwait Business Town project (KBT), an integrated commercial, residential and retail tower development in the heart of Kuwait City.
In addition, Al Mazaya is now operational in the wider Middle-East region with proposed developments in Oman, Egypt, Qatar and the Lebanon.