Al Hanoo Holding Company, one of the largest real estate development companies in the Middle East, is getting ready to announce the details of Nujoom Islands of Sharjah, a new 60 million square foot residential and commercial modern city in Sharjah, announced Sheikh Abdullah Al Shakra, Chairman of Al Hanoo Holding Company.
Commenting on the project, Sheikh Abdullah F. Al-Shakra said, "We have identified Sharjah as a market with the greatest potential for real estate project development. This is why we have focused our business in the Emirate by launching two major real estate and infrastructure development projects: Nujoom Islands and Emirates Industrial City."
Sheikh Abdullah added, "The project Master Plan for Nujoom Islands has been approved by the Government of Sharjah in addition to the completion of all the designs of the infrastructure and architectural designs of the project. Nujoom Islands offers many advantages of which the most important is the low investment cost compared to the nature and size of the project, its components, and strategic location, which is expected to yield higher profits for investors."
Moreover, Al Hanoo Holding Company is organizing a press conference to announce the details of the project in mid September 2005 and plans to showcase the project in detail and with innovation in the upcoming Cityscape 2005, the Middle East's premier international property investment and development event, which will be held September 17-19 at Dubai International Exhibition Centre.
Al Hanoo Holding Company is one of the leading real estate developers in the Middle East. Founded in 1975 in the Kingdom of Saudi Arabia, Al Hanoo Holding Company currently has a fully paid up capital of two hundred million Saudi Riyals and diverse interests in real estate investment and development, construction and trade with a focus on large-scale infrastructure and property development projects in Saudi Arabia, United Arab Emirates and other GCC countries.
