Makaseb Holding, a regional development and investment company, has announced that its mega joint venture projects - the AED 3 billion Plaza Mayor and the AED 1 billion Quattro West - are generating major response from potential investors and visitors at Cityscape 2006 being held from December 4-6 at the Dubai International Exhibition Center. Plaza Mayor, a project consisting of four 45-storey towers surrounding a large central court called 'The Plaza', is a joint venture between Makaseb Holding; Ishraqah, a regional real estate development company and Ta'sees, a subsidiary real estate development and investment arm of Tamerat Almousa Group. The Quattro West on the other hand, is a joint venture between Makaseb Holding and Ta'sees, and comprises four 30-storeyed towers erected above a common five-floor high base structure.

Hesham Abd Al Ghani, Founder, Makaseb Holding, Jamal Al Banna, CEO, Sharm Land Limited and Rameez Rufi, CEO, Rufi Group, are present at the Makaseb stand - ZA 25 in Zabeel Hall to provide details on all aspects of the Plaza Mayor and the Quattro West projects.

Hesham Abd Al Ghani, Founder, Makaseb Holding, said,

'The response to our projects being showcased at Cityscape has been overwhelming thus far. We have been successful in effectively leveraging the show's platform to generate substantial interest among potential investors and visitors from across the world. Being the region's premier real estate exhibition it was imperative that we made a major impact through our projects, and we are extremely satisfied with the initial outcome.'

Cityscape Dubai is the largest event of its kind in the region, and is a comprehensive exhibition and conference focusing on all aspects of the property development cycle. Cityscape 2006 has grown significantly in terms of size and scope, and exhibitors from over 85 countries are taking part in this edition of the event.

'Investors around the world are looking for projects that stand out from the rest with their unique concept and design, and this was one of the reasons why the Quattro West and the Plaza Mayor garnered such a strong response,' said Abd Al Ghani.

Located in Jumeirah Village, The Plaza Mayor will be a unique blend of European and Arabic cultural influences and is poised to be a leading future business and tourism hub. Inspired by its Spanish namesake, Dubai's Plaza Mayor will cater to local sensibilities by absorbing UAE market preferences. Each of the project's towers will offer a dedicated parking and retail level, followed by a luxurious 4-storey hotel with 80 five-star rooms. The towers will also house 45 levels of premium office space. The Plaza will emerge as the focal point for all four towers, leading to a distinct layout that will promote interaction and business development.

The Quattro West will also be situated in Jumeirah Village and will target the region's commercial and hospitality sectors. All four of the 30-storeyed towers of the project will be erected above a common five-floor high base structure. These five floors will feature shopping malls, a banquet hall, a convention centre, a business center and a parking facility. Two of the four towers will offer commercial office space while the other two will consist of 260 hotel apartments and suites. Altogether, Quattro West will occupy a ground area of 103,000 square feet with a built up area of one million square feet.

Makaseb also announced that it has taken over the Quattro Hotel and Business Park project which was launched earlier this year in Jumeriah Village. Further, the company has signed an agreement with Ta'sees for the development of the Quattro West project.

Launched with an AED 20 billion fund, Makaseb Holding is supported by the Rufi Group of companies, Sharm Land Limited, A&A Investment, and has embarked on a rapid expansion and diversification strategy that draws on the diverse international experience and regional networks of these companies.