Dubai – Mubasher: The UAE-based Fam Holding has revealed plans to establish two projects in the emirate of Sharjah with AED 1 billion in investments, chairman Faisal Ali Mousa said.
The two new projects are launched under the names ‘Family Tower’ and ‘Fam Tower’, Mousa added, according to Al Khaleej newspaper.
The chairman further indicated that Fam Tower will use automatic delivery system, citing a deal with a German company to implement this system.
Since the beginning of 2018, Fam Holding’s real estate investments amounted to AED 3 billion, including AED 1 billion investments in the new projects which will be unveiled this year, and AED 2 billion were pumped over the previous three years.
Mousa noted that his firm is planning to expand footprint in the GCC country’s real estate sector by investing in Al Mahra touristic resort.
Since its launching in 2006, Fam Holding started providing various solutions in a large number of industries in the UAE and abroad.
