Abu Dhabi, United Arab Emirates, May 06, 2007: Abu Dhabi’s leading real estate developer, Sorouh Real Estate, announced it is the sole sponsor of the Sorouh Cityscape Abu Dhabi Golf Classic tournament, to be held at the Abu Dhabi National Golf Course on May 7, 2007. The tournament is expected to attract VIPs from the real estate industry who will compete on the beautifully designed 18-hole, par 72, 7,204-yard National Course.
“We are thrilled at the arrival of Cityscape in Abu Dhabi our home city and because we feel that it is vital to the industry here we decided to support it with a Platinum sponsorship,” commented Mounir Haidar, Sorouh Real Estate CEO. “The Capital is embarking on a number of extraordinary projects and this will be the perfect showcase for them.”
“The Sorouh Cityscape Golf Classic will offer the industry an opportunity to build relationships in a friendly and relaxed atmosphere before the start of the exhibition,” added Haidar.
The Sorouh Cityscape Golf Classic coincidentally is located right next to Sorouh’s luxury Golf Gardens development which overlooks the Abu Dhabi Golf Club. This flagship AED 729 million project is already in phase one, and will be the first commercial venture in Abu Dhabi to combine golf and real estate. This will allow golf lovers to be close to the game at all times.
“We are really excited about this competition and we wish everyone a fantastic day. We hope it will become a recurring date in Abu Dhabi’s social calendar,” said Haidar.
About Sorouh Real Estate
Sorouh Real Estate is the leading real estate development company in Abu Dhabi.
Sorouh was established on June 26, 2005 with a capital of AED 2.5 billion.. Today it is the largest Abu Dhabi based, real estate developer listed on the Abu Dhabi Securities Market with a market cap close to AED 5.75 billion and is one of the most widely held issues with approximately 65,000 shareholders.
Sorouh's corporate vision is to "bring communities to life in perfect balance". Its real estate projects are master-planned and designed to meet the four core needs of human wellbeing: physical, intellectual, social and spiritual. SOROUH employs in excess of 120 highly qualified professionals operating in the field of master-planning and master-development.
Sorouh’s now has around AED 50Bn of projects under development. These include:
Shams Abu Dhabi, Sorouh’s flagship project is an AED 25Bn landmark development on Reem island. A complete new city of 75,000, Shams Abu Dhabi will be self sustaining city of Canals and Parks which integrates world-class master planning practices and extends the lush green of Abu Dhabi’s landscape.
The Gate District on Shams Abu Dhabi is a cluster of 8 towers located at the entrance to Shams, Abu Dhabi. Now architecturally renowned worldwide the AED 11Bn residential, office and retail development is designed as a Gateway to the Peninsula from Reem Island. The Gate District also includes the AD 2.2Bn 83 storey Sky Tower which will be a pinnacle of luxury for its residential and commercial occupants as well as Abu Dhabi’s tallest building when completed.
Lulu Island opposite the Abu Dhabi Corniche will be the City’s most prestigious and sought after district. Housing 45 – 50,000 residents 85% of whom will have sea views this AED 14.5Bn development will be one of the most beautiful places in the entire region
Sorouh has also the Golf Gardens overlooking the Abu Dhabi Championship Course, the Abu Dhabi Aviation Authority residential project, Al-Shamkha national housing project, the Tala Tower and Saraya on the Abu Dhabi Corniche. In its first venture outside the UAE Sorouh will also be involved in developing the 7,000,000 m Sq ft Bab Al-Bahr project in Morocco.
