Saraya announced today the appointment of Mahdhar Abdullah Al Tamimi as General Manager of Saraya Islands for the United Arab Emirates as of first of May 2007, due to his extensive experience and vast knowledge in the field of developing and administrating touristic projects, specializing in islands.
Tamimi occupied different positions in various sectors which further qualified him for the position of General Manager of Saraya Islands along with his contribution to the development of the project. He holds a bachelors degree in business administration and had until recently occupied the position of General Manager in Nakheel for Jumeirah Islands project, one of the biggest real estate firms in the United Arab Emirates.
Ali Kolaghassi, Board Member of Saraya Islands, as well as the Vice Chairman and CEO of Saraya Holdings stated, “Saraya seeks to recruit qualified personnel to manage our projects in the region, and we are pleased to have Tamimi on board to help achieve Saraya’s vision in transforming unique yet unexploited lands into advanced touristic destinations and according to the highest and most advanced international standards”
Saraya Islands board of directors includes; Sheikh Saad Hariri, Chairman of Saraya Holdings Limited and Chairman of the Board of Directors for Saraya Islands; His Highness Sheikh Ahmad Bin Saqer Al Qasimi, Chairman of Ras Al Khaimah Ports and Customs Department as Vice Chairman of the Board of Directors. The Board of Directors also includes two representatives for each of the two founding companies; Dr. Izzat Dajani, Chief Executive Officer of IDO; Ali Kolaghassi, Vice Chairman and CEO of Saraya Holdings Limited; Ibrahim Saad, CEO of AB Capital Dubai, a subsidiary of the Arab Bank; in addition to Shahab Gargash, Founder and Chief Executive Officer of Daman Investments PSC and a Board Member of Saraya Real Estate MENA Fund.
About Saraya Islands
Situated in Ras Al Khaimah, Saraya Islands will occupy over two thirds of a pristine 7 kilometer long natural island running parallel to the RAK coastline thereby creating a natural lagoon between the project and the mainland. The founding partners behind Saraya Islands are the Investment and Development Office of the government of Ras Al Khaimah, Saraya Holdings and a subsidiary of Arab Bank Plc, in addition to Saraya Real Estate MENA Fund. The partners together bring a wealth of global experience and expertise to the project.
Saraya Islands consists of four islands inter-connected through a series of appropriately scaled resort-style roads and bridges. These islands are called: al-Boum, al-Marsa, al-Sahab, and al-Wahat. Saraya Islands will offer “state-of-the-art” resort and hotel destinations, an array of waterfront villas, houses, services apartments and condominiums, a theme park, high quality entertainment and leisure services all united within the context of serenity, heritage and nature.
Saraya Islands comprises approximately of 1.1 million square meters, of which approximately 80% are developable, and 20% are dedicated to beaches, landscaped areas, open-air activity areas and circulation space. The total cost of the project is 1.4 billion USD.
