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ALBA Project Management to enter UAE markets

United Arab Emirates: Saturday, April 14 - 2007 @ 12:52

Its project management services extend to every aspect of real estate, from project development to facility management, for new buildings, conversions and redevelopments.

ALBA today occupies a significant position in the markets in which it operates. With the inclusion of projects currently at the development, design or construction stage, ALBA has helped to implement investments with a volume exceeding EUR 9 billion.

ALBA is wholly owned by the KG Allgemeine Leasing GmbH & Co. (KGAL) one of the top players in the competitive world of structured asset finances and investment participation which is owned by (Dresdner Bank 45%, BayernLB 30%, HASPA Finanzholding 15% and various financial investors10%).

ALBA MENA is the new entity which will be operating in the region, bringing a wealth of experience and international standards to this market. The company has a long list of impressive projects, such as the Terminal 2, Munich Airport (construction cost € 1,300 million), Terminal 2, Frankfurt Airport (construction cost € 800 million), the Telekom Center Munich and the new construction for the 87,000 square meter Siemens building complex.
Dr. Ahmed Mufeed Al Samerai has been appointed as the Chairman for ALBA MENA, who expressed the importance for such players in the region, to ensure that ambitions are made into realty. He also hopes that ALBA will be able to service top tier clients, through executing their projects to international standards, reflecting their first rate image and quality.

Mr. Andreas Böhme, The General Manager for ALBA said: “We are excited to enter to this market as we have been watching and monitoring the progress of many announced projects in the region. Through our study of the market, we feel there is much potential here for business. We understand that developers and owners put pressure to demand faster project work completion, but we believe that we should priorities people’s lives and safety foremost. We also have immense experience with projects that exceeds 9 billion euros”.

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Saturday, April 14- 2007 @ 12:52 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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