AJMAN, 6th November, 2017 (WAM) -- H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, viewed the plans and designs of the Masfout Heights Resort Project, which is expected to have a significant impact in the region, encouraging investment, tourism and investors to establish other similar projects.
Also present was Sheikh Rashid bin Humaid Al Nuaimi, Chairman of the Municipality and Planning Department and Chairman of the Board of Directors of Ajman Properties Corporation (Aqaar).
The Ajman Ruler was briefed about the importance and size of the project, and its tourism, investment and economic benefits for the region by officials in the Aqaar Corporation, represented by Ghalib Jaber, Executive Director, and the Lootah Real Estate Development Company, represented by Saleh Abdullah Lootah.
The project includes a group of hotels, tourism villas, a natural reserve, parks, a lake area, entertainment games and sports area, a walk, commercial shops, as well as mosques.
Sheikh Rashid and several officials working on the projects attended the signing of the agreement for the implementation of the project between the Aqaar Corporation and the Lootah Company at the Ruler’s Court.
The agreement was signed by Ghalib Jaber and Saleh Abdullah Lootah.
Following the signing of the agreement, Sheikh Rashid stressed that this project was the beginning of the projects' implementation in the Masfout area and its neighbouring regions, aimed at developing investment, tourism and the economy.
He said that this area was characterised by moderate weather and natural environment, and pointed out that the residents of this area would benefit from these projects and the increase in the tourist arrivals in the Masfout area.
Sheikh Rashid underlined the fact that the Ajman government was keen to develop all the areas in the emirate and attract Arab, as well as foreign investors, by providing them with the required services and infrastructure, in addition to facilities and incentives.
The overall planning of the emirate will be updated through the strategic landmarks established by Sheikh Humaid, which will be followed up by H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, taking into consideration the future features and natural development in all fields and sectors, Sheikh Rashid added.
He observed that the emirate of Ajman was witnessing both urban and tourism development, positively reflected in the economic and tourism sectors, and gives the emirate a leading position on the Emirati map.
He emphasised that the status of the projects that were in the process of implementation in the emirate proved that they were on the right track.
Saleh Abdullah Lootah remarked that the Masfout Heights Project was considered among the more substantial tourism-related projects, and it would be implemented in several phases within five years.
The primary design of the project has been conceived, and work is ongoing on the referral of the detailed drawings of the plans for an Engineering Consulting Services Company to start the implementation by mid-2018, while the first phase is expected to be completed in 2021 followed by the other stages, he mentioned.