Emaar Misr opens the world’s largest sales centre at Uptown Cairo
Posted: 14-07-2007 , 15:32 GMT
Emaar Misr for Development S.A.E, the wholly-owned Egyptian subsidiary of Emaar Properties PJSC, has opened the largest sales centre in the world to launch the public sale of Uptown Cairo, its pioneering master-development located in Mokkattam Hills.
Uptown Cairo, an EGP 12 billion (AED 7.7 billion, US$2.1 billion) mixed-use development, features a Business Park, spa, sports & leisure facilities, a world-class golf course and several residential villages. The development is spread over 4 million sq metres and creates a new township some 200 metres above sea level.
“Emaar is reiterating its commitment to the Egyptian public with the opening of the largest ever sales centre in the world for Uptown Cairo in Mokkattam Hills,” said Mr Mohamed Ali Alabbar, Chairman, Emaar Properties. “A modern sales centre that reflects the development dynamics of the project is an idea pioneered by Emaar in Dubai to give potential investors a true feel of their dream home and offices. Uptown Cairo is one of our most prestigious projects, globally, and we want to highlight its advantages.”
Mr Sameh Muhtadi, Chief Executive Officer of Emaar Misr for Development S.A.E., added: “As a vibrant new town centre in the making, Uptown Cairo is a keenly anticipated development, and will deliver a world-class lifestyle for Egypt. Apart from modern homes, Uptown Cairo will also be a magnet for commercial enterprises and for hospitality and leisure outlets. The sales centre will be the one-stop shop for customers to get a true feel of the project and meet with Emaar executives for a detailed overview of the various amenities.”
Uptown Cairo features residences, Uptown Business Park, schools, Uptown Mall, restaurants, medical centres, Uptown Spa and leisure facilities including the Uptown Golf Club with an 18-hole golf course, tennis courts and a soccer field.
The homes, consisting of apartments, townhouses and villas in Mediterranean, Spanish and Tuscan architectural styles, are set in lushly landscaped surroundings with generous floor plans that accentuate the feeling of space. The well-detailed homes also feature built-in wardrobes, furnished kitchens, central air-conditioning, spacious balconies and generous picture windows.
Emaar is the single largest foreign direct investor in Egypt’s real estate sector and is also developing the EGP 9.92 billion (AED 6.39 billion, US$1.74 billion) Marassi, a 1,544-acre tourist resort. Emaar Misr recently announced two new projects: the EGP 5.75 billion (AED 3.7 billion; US$1 billion) residential community located at the fifth district New Cairo City and the EGP4 billion (AED 2.58 billion; US$700 million) residential-cum-commercial project located at the start of the Cairo-Alexandria road, which also features Cairo Gate, the largest lifestyle and entertainment mall in Egypt.
Emaar’s expansion into Egypt is in line with its Vision 2010 to become one of the most valuable companies in the world. The company today has a significant presence in 16 countries globally and has also diversified into education, healthcare, shopping malls, finance, industry, and hospitality & leisure.
Sunday, July 15, 2007
Johor overall crime rate down, but rape cases up
Johor overall crime rate down, but rape cases up
By FARIK ZOLKEPLI
KULAI: The crime rate in Johor has dipped by as many as 1,162 cases in the first six months, but the number of rape cases has increased instead.
State CID Chief Senior Asst Comm II Roslan Ahmad said the number of rape cases increased some 8% in the first six months of this year.
He noted that 90% of the cases involved underage girls having consensual sex with their partners.
"Violent rapes are not common in the state but most rapes are results of social ills," he said.
SAC II Roslan told a press conference here that parents should monitor their children closely to prevent social ills such as underaged sex from increasing.
By FARIK ZOLKEPLI
KULAI: The crime rate in Johor has dipped by as many as 1,162 cases in the first six months, but the number of rape cases has increased instead.
State CID Chief Senior Asst Comm II Roslan Ahmad said the number of rape cases increased some 8% in the first six months of this year.
He noted that 90% of the cases involved underage girls having consensual sex with their partners.
"Violent rapes are not common in the state but most rapes are results of social ills," he said.
SAC II Roslan told a press conference here that parents should monitor their children closely to prevent social ills such as underaged sex from increasing.
SINGAPORE (Thomson Financial) - Singapore shares closed sharply higher Friday with the Straits Times index breaking into record territory
SINGAPORE (Thomson Financial) - Singapore shares closed sharply higher Friday with the Straits Times index breaking into record territory as it tracked the gains on regional bourses following Wall Street's overnight rally.
Oil and gas related counters remained active on expectations that demand for oil exploration rigs and other offshore vessels in the industry will remain strong.
The Straits Times Index ended up 30.05 points or 0.83 percent at a record close of 3,654.61, after touching a fresh intraday high of 3,685.01. During the week, the index gained 92.65 points or 2.6 percent.
Gainers beat losers 558 to 329, with 674 stocks unchanged.
Volume was 4.19 billion shares worth 2.91 billion Singapore dollars.
'It was phenomenal for Wall Street to shoot up, it was a shot in the arm for the STI, tipping the uncertainties over,' a dealer at a local brokerage said.
The dealer said the index may hit 3,800 points next week riding on investor confidence in the economy, and coupled with positive external leads.
The government's preliminary estimate, released Tuesday, pegged Singapore's GDP growth in the second quarter at a better-than-expected 8.2 percent year-on-year, having grown by 6.4 percent in the first quarter.
'Having said that, a correction in the index of even up to 10 percent will be healthy for the market given rich valuations (at the moment),' the dealer said.
Oil and gas related counters led gains following a series of upgrades from brokerage houses during the week on expectations of more contract wins going forward.
SembCorp Marine led gainers, rising 20 cents to 5.45 Singapore dollars, off an all-time high of 5.50 dollars. COSCO Singapore was up 10 cents at 4.90 dollars, Keppel Corp (other-otc: KPELY.PK - news - people ) was up 10 cents at 12.90 dollars, and SembCorp Industries was up 10 cents at 5.65 dollars.
Property heavyweights also advanced, with City Developments (other-otc: CDEVY.PK - news - people ) climbing 40 cents to 16.90 dollars, CapitaLand gaining five cents to 7.75 dollars, and Keppel Land rising five cents to 8.55 dollars.
Among blue chip winners, Singapore Airlines (other-otc: SGPJF.PK - news - people ) added 20 cents to 19.60 dollars, Singapore Press Holdings put on eight cents to 4.64 dollars, and Singapore Telecommunications advanced two cents to 3.48 dollars. ST Engineering was up two cents at 3.64 after saying its unit, ST Marine Ltd, won a 168 million Singapore dollar contract to design and build a roll-on/roll-off passenger ferry for France's Louis Dreyfus Armateurs SAS.
Most banking shares extended gains, with DBS Group Holdings up 30 cents at 23.90 dollars and United Overseas Bank (other-otc: UOVEY.PK - news - people ) up 20 cents at 22.80 dollars. But Oversea-Chinese Banking Corp fell five cents to 9.45 dollars, erasing earlier gains.
Chinese confectionery maker China Angel Food Ltd doubled on its debut. The stock closed at 70.5 Singapore cents, above its IPO price 35 cents, on volume of 96.28 million shares.
Oil and gas related counters remained active on expectations that demand for oil exploration rigs and other offshore vessels in the industry will remain strong.
The Straits Times Index ended up 30.05 points or 0.83 percent at a record close of 3,654.61, after touching a fresh intraday high of 3,685.01. During the week, the index gained 92.65 points or 2.6 percent.
Gainers beat losers 558 to 329, with 674 stocks unchanged.
Volume was 4.19 billion shares worth 2.91 billion Singapore dollars.
'It was phenomenal for Wall Street to shoot up, it was a shot in the arm for the STI, tipping the uncertainties over,' a dealer at a local brokerage said.
The dealer said the index may hit 3,800 points next week riding on investor confidence in the economy, and coupled with positive external leads.
The government's preliminary estimate, released Tuesday, pegged Singapore's GDP growth in the second quarter at a better-than-expected 8.2 percent year-on-year, having grown by 6.4 percent in the first quarter.
'Having said that, a correction in the index of even up to 10 percent will be healthy for the market given rich valuations (at the moment),' the dealer said.
Oil and gas related counters led gains following a series of upgrades from brokerage houses during the week on expectations of more contract wins going forward.
SembCorp Marine led gainers, rising 20 cents to 5.45 Singapore dollars, off an all-time high of 5.50 dollars. COSCO Singapore was up 10 cents at 4.90 dollars, Keppel Corp (other-otc: KPELY.PK - news - people ) was up 10 cents at 12.90 dollars, and SembCorp Industries was up 10 cents at 5.65 dollars.
Property heavyweights also advanced, with City Developments (other-otc: CDEVY.PK - news - people ) climbing 40 cents to 16.90 dollars, CapitaLand gaining five cents to 7.75 dollars, and Keppel Land rising five cents to 8.55 dollars.
Among blue chip winners, Singapore Airlines (other-otc: SGPJF.PK - news - people ) added 20 cents to 19.60 dollars, Singapore Press Holdings put on eight cents to 4.64 dollars, and Singapore Telecommunications advanced two cents to 3.48 dollars. ST Engineering was up two cents at 3.64 after saying its unit, ST Marine Ltd, won a 168 million Singapore dollar contract to design and build a roll-on/roll-off passenger ferry for France's Louis Dreyfus Armateurs SAS.
Most banking shares extended gains, with DBS Group Holdings up 30 cents at 23.90 dollars and United Overseas Bank (other-otc: UOVEY.PK - news - people ) up 20 cents at 22.80 dollars. But Oversea-Chinese Banking Corp fell five cents to 9.45 dollars, erasing earlier gains.
Chinese confectionery maker China Angel Food Ltd doubled on its debut. The stock closed at 70.5 Singapore cents, above its IPO price 35 cents, on volume of 96.28 million shares.
Subscribe to:
Posts (Atom)
