Friday, May 05, 2006

Emirates Industrial Area :: Trade Arabia

Quote:
Tameer Holding, one of the Gulf's leading property development firms, has announced the completion of its Dh30 billion ($8.17 billion) Emirates Industrial Area.
The project is based in the Emirate of Umm Al Quwain and is set to accommodate half a million residents.

Considered as one of the most ambitious and unique projects of its kind, the Emirates Industrial Area is a town-sized development that focuses exclusively on industrial interests.

The plan of the area incorporates commercial, industrial and residential activities, featuring labour camps, shops and large-scale storage facilities.
The population of the UAE is less than 5 million. Half a million living in one real estate development -- that's a big development. The population of the Emirate of Umm Al Quwain is 35,157.

Here's some more information about the Emirate of Umm Al Quwain. Including this fact: "The total area of the emirate is equivalent to one per cent of the country's total area."

So, 10 percent of the UAE's population will reside in one percent of its area?

3 Comments:

Blogger nzm said...

Are there enough industrial interests in the whole of the UAE to keep half a million people employed?

1:14 PM  
Blogger EclectEcon said...

10% of the population live in 1% of the area? I'd guess the contrast is even greater in NYC vs the rest of the US.

1:35 AM  
Blogger Woke said...

Most developers are citing extremely inflated figures which they estimate to happen in say, 20 years time. Even the project budgets they declare seem unrealistic. I read a recent press release saying the Dubai based company Limitless is investing $47 Billion in Pakistan. $47 Billion Dollars?

Normally for a company to make such claims, they need to be back it up by the financial sources/assets and market figures. Here in Dubai, all you need is a big mouth and some spoon feeding for the local newspapers to publish the same without examining or evaluating facts.

9:11 AM  

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