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DEVELOPER
REVIEW |
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| The
Ilyas & Mustafa Galadari Group
September 2008 |
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With
a long history of enterprise and commercial activity dating
from the 1940s, the Galadari family is continuing the family
tradition with the Ilyas and Mustafa Galadari Group, a highly
regarded, multi-faceted organisation based in Dubai.
The group’s diversified business portfolio includes real
estate development, agencies for overseas companies, hospitality,
food storage, gems and jewellery, automobiles and transport.
In the six years of its existence, the company has shown ambition
and determination to grow and launch new enterprises whenever
the opportunity occurs, and is committed to expanding its activities
and playing a leading role in the growth of modern Dubai using
its extensive experience and distinctive heritage to deliver
exceptional results. |
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The
Ilyas and Mustafa Galadari Group (IMGG) aims to develop its
flagship project, City of Arabia, home to the Mall of Arabia
and the Restless Planet, into a thriving community at the heart
of Dubailand. At the same time it continues to uphold a reputation
as an important business entity in the region, whilst developing
ambitious plans to increase the group’s presence in construction,
manufacturing and services.
Combining considered expansion with responsible development,
IMGG aims to be an efficient service provider, committed to
investors, strategic partners and employees, building long-term
relationships and fostering a climate for growth, value and
satisfaction. |
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| RLI
caught up with IMGG’s Alex Vacha, Deputy Director for
Projects, Iyas & Mustafa Galadari Group and asked how
he would sum up the group’s progress to date.
“We are close to completing the foundation work which,
considering that we’re talking about a 20 million square
foot site, is a major undertaking,” he says.
The group continues to progress steadily on the project’s
main components – Mall of Arabia, the Restless Planet,
34 commercial and residential towers and Wadi Walk, a waterfront
community consisting of stylish apartments, outdoor cafes
and attractive
retail outlets.
“We are very happy with the progress made so far,”
continues Vacha. “Part of Phase 1 is expected to open
towards the end of 2010, with Wadi Walk being one of the first
phases to launch.”
The last couple of years have seen a period of intense development
for IMGG. So what have been the greatest challenges facing
the group during this time, and what lessons have been learned?
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“Dubai
is just about the fastest growing city in the world, and with
the scale of development we’re seeing it is inevitable
that there will be consequences. But we have faith in the
ability of the government authorities in Dubai to deliver
solutions,”
says Vacha.
“There is a tremendous amount of work going on to ease
traffic congestion, with major road works and expansions,
new bridges, tunnels, underpasses and intersections; improvements
to public transport with the Dubai Metro, new rail and tram
systems also planned, many more new buses, as well as more
water transport.”
By the time the first phase of City of Arabia opens towards
the end of 2010, Dubai’s infrastructure will have developed
considerably to cope with the large number of visitors that
will be attracted to City of Arabia. The Emirates Road now
has six lanes in both directions adjacent to City of Arabia
and two major intersections are planned, one at either end
of the development.
“Our own monorail system will be linked to Dubai Metro,”
continues Vacha, “which will have a station at the entrance
to City of Arabia. From there, the monorail will provide visitors
with a comfortable and convenient link to all the major theme
parks and shopping areas.”
For
the full article please see the RLI June 2008 issue
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| DEVELOPER
REVIEW ARCHIVE |
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Capital
Shopping Centresp - March 09
Chartered
Land - November 08
The
Ilyas & Mustafa Galadari Group - September 08
Las
Vegas Sands Corp - June 08
Redevco
- Dec 07
Chartered Land - Nov 07
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Paramount
Publications Ltd Suite 15, Hardmans Business Centre, New
Hall Hey Road, Rawtenstall BB4 6HH UK
Tel: +44 (0) 1706 212200 Fax: +44 (0) 1706 211782 Email:
info@rli.uk.com
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