A
Aryan Khan
Guest
Infrastructure Development Projects
In an effort to evolve as a world class city, Ajman is investing on the development of its infrastructure. The value of infrastructure projects in Ajman has touched AED 1.4 billion in 2008. The infrastructure projects will support the speeding up of real estate development in the emirate.
Sewerage System
The government of Ajman has allocated AED 800 million for the sewerage system. The new sewerage system is set to enhance Ajman's economic development and significantly improve the health and environmental standards in the emirate. It will also help to lengthen the lifespan of buildings in the emirate and lower maintenance costs through the environmental improvements.
Road Network
The Ajman government plans to spend AED 3 billion over the next three years to develop the emirate's roads. There are more than 12 proposed projects worth AED 408 million concerning road development and improvement in Ajman to be completed by the end of 2011. The projects include widening and lengthening of several roads, construction of bridges and providing additional road lighting.
Electricity
In order to bolster its power segment, Ajman has signed AED 7.34 billion deal with Malaysian Mining Corporation (MMC),Malaysia-based power producer, which would bring Middle East's first coal-fired power plant of the region into the emirate. It would generate one gigawatt of electricity as early as in 2012. Two other power plants to be built by the Federal Electricity and Water Authority (FEWA) in Ajman will begin operating in the next few months in order to supply electricity to the existing real estate developments until the MMC plant is commissioned.
Airport
Ajman International Airport worth AED 12 billion will shortly take shape in Ajman to further enhance its business potential. The construction of the airport is set to commence in the second half 2008 and to start operations by 2011. The airport, spread over more than 60 million sq ft of area located 3.5 km from Al Manama, will be built by a consortium of private developers.
The airport will accommodate commercial aircraft with a capacity of 1 million passengers a year rising up to 10.4 million by 2046, as well as cargo of at least 400,000 tonnes and corporate aviation among other infrastructure capabilities. Several residential and commercial properties will be developed adjacent to the airport.
Public Transport
Ajman is all set to launch a low-cost taxi and bus transport system as part of its AED 1.5 million project that will service two fixed routes for a nominal fee. The project will be implemented in two phases. The first phase will see the operation of 6 taxis and 4 buses from Mushairif intersection to Lulu Hyper Market, through the City Centre, the University Roundabout, Al Gerf Industrial Area and the emirate's downtown.
The second phase will connect the Ajman town centre near Al Kuwait Hospital to the Industrial area, passing the old Passport Building, Galfa and Al Humaidia bridges and the vegetable market. Extra vehicles will be launched during this phase, including more trips to Sharjah. Plans are also afoot to extend the service to Umm Al Quwain and Ras Al Khaimah.
Hospitality Projects
Ajman boasts of a tranquil and serene environment, thereby enhancing its tourism potential. Due to tremendous rise in tourist flow to the emirate, Ajman has announced major tourism infrastructure projects totaling AED 5.55 billion. Two of the major hospitality developments in the emirate are the AED 3 billion Ajman Marina and AED 50 billion Al Zorah.
Ajman, being the third largest property market in the UAE, has all the characteristics to woo the potential investors. According to the Ajman Chamber of Commerce and Industry, over 33% of development projects in the emirate are owned by foreign nationals as against the 11% in other emirates.
In an effort to evolve as a world class city, Ajman is investing on the development of its infrastructure. The value of infrastructure projects in Ajman has touched AED 1.4 billion in 2008. The infrastructure projects will support the speeding up of real estate development in the emirate.
Sewerage System
The government of Ajman has allocated AED 800 million for the sewerage system. The new sewerage system is set to enhance Ajman's economic development and significantly improve the health and environmental standards in the emirate. It will also help to lengthen the lifespan of buildings in the emirate and lower maintenance costs through the environmental improvements.
Road Network
The Ajman government plans to spend AED 3 billion over the next three years to develop the emirate's roads. There are more than 12 proposed projects worth AED 408 million concerning road development and improvement in Ajman to be completed by the end of 2011. The projects include widening and lengthening of several roads, construction of bridges and providing additional road lighting.
Electricity
In order to bolster its power segment, Ajman has signed AED 7.34 billion deal with Malaysian Mining Corporation (MMC),Malaysia-based power producer, which would bring Middle East's first coal-fired power plant of the region into the emirate. It would generate one gigawatt of electricity as early as in 2012. Two other power plants to be built by the Federal Electricity and Water Authority (FEWA) in Ajman will begin operating in the next few months in order to supply electricity to the existing real estate developments until the MMC plant is commissioned.
Airport
Ajman International Airport worth AED 12 billion will shortly take shape in Ajman to further enhance its business potential. The construction of the airport is set to commence in the second half 2008 and to start operations by 2011. The airport, spread over more than 60 million sq ft of area located 3.5 km from Al Manama, will be built by a consortium of private developers.
The airport will accommodate commercial aircraft with a capacity of 1 million passengers a year rising up to 10.4 million by 2046, as well as cargo of at least 400,000 tonnes and corporate aviation among other infrastructure capabilities. Several residential and commercial properties will be developed adjacent to the airport.
Public Transport
Ajman is all set to launch a low-cost taxi and bus transport system as part of its AED 1.5 million project that will service two fixed routes for a nominal fee. The project will be implemented in two phases. The first phase will see the operation of 6 taxis and 4 buses from Mushairif intersection to Lulu Hyper Market, through the City Centre, the University Roundabout, Al Gerf Industrial Area and the emirate's downtown.
The second phase will connect the Ajman town centre near Al Kuwait Hospital to the Industrial area, passing the old Passport Building, Galfa and Al Humaidia bridges and the vegetable market. Extra vehicles will be launched during this phase, including more trips to Sharjah. Plans are also afoot to extend the service to Umm Al Quwain and Ras Al Khaimah.
Hospitality Projects
Ajman boasts of a tranquil and serene environment, thereby enhancing its tourism potential. Due to tremendous rise in tourist flow to the emirate, Ajman has announced major tourism infrastructure projects totaling AED 5.55 billion. Two of the major hospitality developments in the emirate are the AED 3 billion Ajman Marina and AED 50 billion Al Zorah.
Ajman, being the third largest property market in the UAE, has all the characteristics to woo the potential investors. According to the Ajman Chamber of Commerce and Industry, over 33% of development projects in the emirate are owned by foreign nationals as against the 11% in other emirates.
