Kempinski Ajman Thu, 19 May 2022 05:42:28 +0000 en-US hourly 1 Kempinski Ajman 32 32 Lubricants Market to Reach USD 139.12 Billion by 2029 | Thu, 19 May 2022 05:42:28 +0000

Pune, India, May 19, 2022 (GLOBE NEWSWIRE) — The world lubricants market The size is expected to reach USD 139.12 billion by 2029 and grow at a CAGR of 2.1% during the forecast period. Growing demand for synthetic lubricants is expected to be a key trend driving the growth of the market. Fortune Business Insights presented this information in its report entitled, “Lubes Market, 2022-2029”. The market size stood at USD 117.78 billion in 2021 and USD 119.99 billion in 2022.
Moreover, the growing demand for enhanced lubricants from the industrial sector is expected to accelerate the growth of the market in the coming years.

List of Lubricants Market Key Players:

  • Petro China Company Limited (Beijing, China)
  • Chevron Corporation (California, USA)
  • ExxonMobil Corporation (Texas, USA)
  • Royal Dutch Shell Plc (The Hague, Netherlands)
  • Total Group (Paris, France)
  • BP Plc (London, UK)
  • Valvoline LLC (Kentucky, USA)
  • ENEOS Corporation (Tokyo, Japan)
  • FUCHS Group (Dissen, Germany)
  • Global Lubricant Industry LLC (Ajman Al Jurf Industrial Zone, UAE)
  • Shield Lubricants (Mumbai, India)
  • AMALIE Oil Co. (Florida, USA)

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On the basis of type, the market is segmented into process oils, marine oils, industrial oils, and automotive oils. On the basis of quality, the market is trifurcated into semi-synthetic, synthetic and mineral. Based on application, the market is bifurcated into industrial, automotive, and others. Geographically, the market is categorized into North America, Latin America, Europe, Asia-Pacific, Middle East & Africa.

Report attribute Details
Market size value in 2021 $117.78 billion
Revenue forecasts in 2029 $139.12 billion
Rate of growth CAGR of almost 2.1% 2022-2029
Year of reference 2021
Historical years 2018 – 2020
Forecast years 2022 – 2029
Segments Covered By product type, by application and by end use
Forecast units Value (USD billion) and volume (units)
Quantitative units Revenue in USD Million/Billion and CAGR from 2022 to 2029
Regions covered North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, and Rest of the World
Countries covered United States, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC countries and South Africa, among others
Number of companies covered Petro China Company Limited, Chevron Corporation, ExxonMobil Corporation, Royal Dutch Shell Plc, Total Group, BP Plc, Valvoline LLC, ENEOS Corporation, The FUCHS Group, Global Lubricant Industry LLC, Shield Lubricants, AMALIE Oil Co
Report cover Market Growth Drivers, Restraints, Opportunities, Porter’s Five Forces Analysis, PEST Analysis, Value Chain Analysis, Regulatory Landscape, Market Attractiveness Analysis by Segments & Region, Market Share Analysis business and analysis of the impact of COVID-19.
Scope of customization Take advantage of personalized purchasing options to meet your exact research needs.

Report cover-

  • It analyzes individual segments, such as type, applications, and grade.
  • It presents the latest developments in the industry.
  • It includes a detailed analysis of the impact of the COVID-19 pandemic on the market.
  • It offers a SWOT analysis of the major players in the market.
  • It highlights the various strategies adopted by the major market players to acquire growth.

Drivers and Constraints-
Increase in demand for synthetic lubricants to fuel market growth
Industrial activities require large amounts of energy and result in high operating costs. Rising energy costs have forced industries to take measures to reduce operating costs and save energy. Poor lubrication of engine parts causes more friction, which leads to more fuel consumption, emissions and pollution. A premium lubricant can help minimize friction and improve machine efficiency. Hence, the growing demand for enhanced lubricants from the industrial sector is likely to provide impetus for the growth of the global lubricants market.
The demand for synthetic lubricants has increased in recent years due to their better efficiency compared to natural mineral oils. Growing industrial growth and expanding automotive industry have high demand for these synthetic lubricants, and the expansion of these end-use industries is likely to propel the growth of the market.
However, the growing demand and adoption of electric vehicles may restrain the market growth in the coming years.

Browse Detailed Abstract of Research Report with TOC:

Regional outlook-
Asia-Pacific will experience considerable growth thanks to the expansion of the industrial and automotive sectors
Asia-Pacific is expected to experience exponential growth in the global lubricants market share. Growing investments in several industrial sectors, coupled with the ever-growing population, are expected to support the growth of the Asia-Pacific market. India, Japan and China are expected to be key countries due to strong demand from the automotive industry.
North America is expected to experience substantial growth in the coming years. The expansion of the automotive and industrial sectors, coupled with the presence of large companies such as Chevron Corporation, Royal Dutch Shell and ExxonMobil Corporation, should support growth in North America.
Europe is expected to achieve significant growth in the global market. Strict regulations on the disposal and use of lubricating oils coupled with the growing demand for technically advanced lubricants are expected to thrive in the growth of the market.
Latin America, the Middle East and Africa are estimated to be witnessing considerable growth due to the expansion of automotive industries, industrialization and urbanization.

Competitive landscape-
Major players are focusing on mergers and acquisitions to amplify their global positions
The consolidated market includes various major market players operating internationally and domestically. Major players in the market are adopting ingenious strategies such as acquisitions, mergers, and others to amplify their global presence and strengthen their positions in the market. For example, ExxonMobil Corporation and INNIO extended their lubricant relationship in May 2020 for another five years. The two companies are working together to meet the demands of natural gas engine lubrication, eventually leading to the launch of new co-branded gas engine oil and additional products in the years to come.

Notable industry development-

  • September 2020: The Total Group acquired Lubrilog SAS to enhance Total’s role in the industrial sector by providing high-level experience for critical applications in key industries such as mining, cement and materials.

Find out before you buy this report:


  • Introduction
    • Search scope
    • Market segmentation
    • Research Methodology
    • Definitions and assumptions
  • Summary
  • Market dynamics
    • Market factors
    • Market constraints
    • Market opportunities
    • Emerging trends
  • key ideas
    • Main emerging trends – for main countries
    • Industry SWOT Analysis
    • Regulatory analysis
    • Recent Industry Developments – Policies, Partnerships, New Type Launches, and Mergers & Acquisitions
  • Qualitative insights – Impact of COVID-19 on the global lubricants market
    • Supply chain challenges
    • Measures taken by government/companies to overcome this impact
    • Potential opportunities due to the COVID-19 outbreak

TOC Continued…!

Talk to the analyst:

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]]> Ajman issues 1,275 new business licenses in the first quarter of 2022 Thu, 19 May 2022 05:31:54 +0000

The Ajman Economic Development Department (Ajman DED) issued 1,275 new business licenses in the first quarter (Q1) of this year, a 10% year-on-year increase.

The figures were shared through a report released by Ajman’s DED Registration and Business Licensing Sector, state news agency WAM reported.

Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of Ajman DED, said the department continues to implement the stimulus packages and decisions approved by the government of Ajman to support business sectors and individuals in all sectors. commercial.

Al Nuaimi added that the department is working to simplify services and procedures to facilitate business registration and investment procedures, provide greater flexibility for investors and shorten the period of business formation. business.

Ajman’s economic growth was highlighted by the release of recent data which showed that Ajman’s technology sector within the Ajman Free Zone grew by 21% last year. The number of technology companies in the integrated business center has reached more than 550 in 2021. The free zone has focused on developing automation programs to accelerate digital transformation – implementing new initiatives and new products like the Artificial Intelligence Robotics Center, a one-stop-shop for entrepreneurs, entities and SMEs to explore new networks of business opportunities with industry experts.

Read: Ajman Free Zone’s tech sector sees 21% growth in 2021

Overall, the Ajman Free Zone recorded 4% year-on-year growth in 2021, registering 1,792 new businesses. In 2021, AFZ recorded a 90% increase in the occupancy rate of its rental accommodation, which covers 867,000 m². The free zone’s commercial equipment includes 530 warehouses, more than 7,000 offices and four business complexes.

The free zone has successfully completed the 100% automation and digitization of its services, providing more than 240,000 electronic transactions through its digital platform “Client Portal”.

Also Read: Ajman Free Zone registers 1,792 new businesses in 2021

Eid hotel occupancy rates in Dubai and Abu Dhabi surpass pre-pandemic levels: STR Wed, 18 May 2022 07:21:12 +0000

The UAE’s hospitality industry has performed better during the Eid Al Fitr holiday this year compared to 2019, with occupancy rates and rooms exceeding pre-pandemic levels, according to the consultancy in hotels STR.

Abu Dhabi hotels had an average occupancy rate of 79.1% on May 2, 4.5% higher than on the Eid date two years ago (June 4, 2019). Similarly, Dubai’s occupancy rate stood at 75.4% over the same period, 19.7% higher than the comparable pre-pandemic rate.

“This strong performance is another sign of recovery and demand momentum for the Middle East,” said Philip Wooller, Senior Director, Middle East and Africa, STR.

“While these key markets saw higher occupancy levels, they also posted room rates that were in some cases nearly double what was reported in 2019,” Wooller said.

Dubai recorded room rates above 700 dirhams ($190.58), up 75% from 400 dirhams in 2019. Properties in UAE recreation areas such as Ajman, Fujairah and Ras Al Khaimah (RAK) have also seen steep increases, with Ras Al Khaimah asking for more than 1,000 dirhams for an overnight stay during Eid.

STR said hotels in Ajman and Fujairah also exceeded occupancy levels seen before the pandemic. While RAK hotels had slightly lower occupancy levels than in 2019, they had the highest average daily rate among UAE markets at 1,022 dirhams on May 2, more than 47% higher than the pre-pandemic comparable.

(Reporting by Cleofe Maceda; editing by Seban Scaria)

Ajman Free Zone signs four agreements at ATM Sun, 15 May 2022 11:29:17 +0000

Ajman Free Zone (AFZ) signed four agreements with Fairmont Hotel Ajman, Bahi Ajman Palace Hotel, Zoya Health & Wellbeing Resort Ajman and Altayar Travel & Tourism during the recent Arabian Travel Market (ATM) in Dubai.

Under the terms of the Memoranda of Understanding (MoU), AFZ’s business partners will have access to preferential rates when using the services of the four establishments. Partnerships are designed to ensure customer happiness, benefit its business community, and support the well-being of its business partners.

The MoUs reflect AFZ’s commitment to its business partners to continuously expand the value-added services it offers to various industries, including tourism. They were signed in line with the Free Zone Strategy 2021-2025, which outlines initiatives designed to help boost local sectors, including tourism, and Ajman’s economy.

Ali AlSuwaidi, Managing Director of AFZ, said, “At AFZ, we support various initiatives aimed at accelerating the economic growth of Ajman and the UAE. The signing of the four MoUs demonstrates our organization’s tireless efforts to ensure a conducive business environment where our business partners can thrive. Our participation in the Arabian Travel Market has enabled us to promote various business and leisure tourism activities in the emirate.

“Tourism and business are two industries that go hand in hand, and the AFZ is proud to facilitate this step towards mutual growth and excellence. We are confident that our advanced infrastructure and value-added services will enable businesses to enjoy smooth operations in the emirate. This further reaffirms our efforts to facilitate businesses that add to Ajman’s tourism industry and, by extension, the economy of the UAE,” added AlSuwaidi.

The AFZ participated in the ATM in cooperation with various government entities. It joined the Ajman Tourism Development Department (ATDD) pavilion, where it showcased its key solutions, incentives and services as a hub for business and investment in the emirate. A large number of people visited the AFZ stand during the large-scale event, showing their great interest in what the free zone has to offer. – TradeArabia Press Office

UAE mourns Sheikh Khalifa: Sheikh Mohamed bin Zayed accepts condolences from leaders Sat, 14 May 2022 08:33:20 +0000

Sheikh Mohamed received condolences from His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai; His Highness Dr. Sheikh Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah; His Highness Sheikh Humaid bin Rashid Al Nuaimi, Member of the Supreme Council and Ruler of Ajman; His Highness Sheikh Hamad bin Mohammed Al Sharqi, Member of the Supreme Council and Ruler of Fujairah; His Highness Sheikh Saud bin Rashid Al Mu’alla, Member of the Supreme Council and Ruler of Umm Al Qaiwain; and His Highness Sheikh Saud bin Saqr Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah.

Their Highnesses expressed their sincere condolences and sympathy to the sons of the deceased, the Al Nahyan family and the people of the United Arab Emirates on the passing of Sheikh Khalifa.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, was also present to offer his condolences at Al Mushrif Palace in Abu Dhabi; His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance; Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Governor of Sharjah; Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Governor of Sharjah; Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman; Sheikh Rashid bin Saud bin Rashid Al Mu’alla, Crown Prince of Umm Al Qaiwain; Sheikh Abdullah bin Rashid Al Mu’alla, deputy leader of Umm Al Qaiwain, as well as Sheikh Mohammed bin Saud bin Saqr Al Qasimi, crown prince of Ras Al Khaimah.

Condolences were also offered by a number of sheikhs, ministers, senior civil and military officials, citizens and residents.

The reception followed Sheikh Khalifa’s funeral on Friday evening. Sheikh Khalifa bin Zayed was laid to rest on Friday evening after national prayers.

From planting mangroves to recycling clothes, HMH’s Bahi Ajman Palace Hotel is getting creative on CSR Thu, 12 May 2022 08:21:41 +0000

Bahi Ajman Palace Hotel, managed by Hospitality Management Holding (HMH), congratulates its team on a year of superb CSR initiatives which were implemented in 2021.

The hotel’s mangrove planting project in Ajman aimed to reduce harmful greenhouse gases that cause climate change, as well as protect these stunning local ecosystems.

On World Cleanup Day, they announced their new solution to reduce plastic waste by giving out reusable bags sewn by in-house tailors using recycling discarded linen. Another green recycling initiative was carried out in conjunction with DGrade’s Simple Bottles, where the hotel’s PET (polyethylene terephthalate) waste is now converted into high-quality yarn for textile production. Towards the end of the third quarter, the ‘Swap & Shop’ event was held where co-workers’ pre-loved clothes and accessories were sold at a price of just AED 1.00 per item, with proceeds going to humanitarian causes. .

Throughout 2021, Bahi Ajman Palace Hotel participated in Emirates Environmental Group’s “For Our Emirates We Plant” initiative, converting a long-term waste management program into tree planting:

  1. ‘Green Call Project’, donation of 56 used gadgets for recycling
  2. ‘Clean Up UAE Campaign’ in December
  3. ‘Can Collection Drive’ (101 kg of aluminum cans collected in 10 weeks to be recycled)
  4. ‘One Root, One Communi-Tree Initiative’ – collected 2,667 kg of cardboard, paper, old newspapers/magazines in just two weeks
  5. Plantation of two indigenous trees in Al Minae, south of Ras Al Khaimah.

Health initiatives included comprehensive dental exams and on-site treatment for employees, a “Breast Cancer Awareness” conference for female colleagues during “Breast Cancer Awareness Month” and a friendly tournament of volleyball for hotel staff to mark World Mental Health Day.

“I’m very proud of how our team members have dedicated their time and ideas to launch fantastic community initiatives in 2021,” commented Iftikhar Hamdani, Regional Managing Director for the Northern Emirates. “The happiness and well-being of our guests are always at the heart of our concerns, it goes without saying. Ensuring we have a positive impact on people and our environment is also very important to us, and we continue to build great partnerships with local environmental groups, as well as looking for ways to promote health and welfare of our hard workers. colleagues.’


About Bahi Hotels and Resorts

Bahi Hotels and Resorts, managed by HMH – Hospitality Management Holding – was launched in 2012 in Ajman as the first alcohol-free hotel. Bahi Hotels & Resorts is an upscale 5-star brand that has been designed to offer discerning travelers a whole new experience in a luxurious, distinctive and relaxing environment. An exceptional level of service, meticulous attention to detail and sophistication place it on par with the major luxury brands of international renown. Bahi Ajman Palace hotels offer their guests first-class services and luxurious facilities. Located on a private beach, the hotel includes a wide range of rooms equipped with the best amenities. It also offers guests an exceptional dining experience in addition to its leisure facilities which include a lifestyle club, luxurious spa and swimming pool. It is also equipped with rooms that can accommodate corporate meetings or large weddings. The hotel offers its guests a heritage retreat with a contemporary feel.

For more information on Bahi Ajman Palace Hotel, please visit:

About HMH

Founded in 2003 in Dubai, HMH – Hospitality Management Holding is a fully integrated hotel management company that prides itself on being the largest dry sector operator in the region. HMH offers hotel owners and developers a wide range of world-class management solutions with five distinct, yet complementary hotel brands catering to diverse market segments, from luxury to lifestyle. These include Bahi Hotels & Resorts, Coral Hotels & Resorts, Corp Hotels, EWA Hotel Apartments and ECOS Hotels. HMH’s strategic expansion into the Middle East and North Africa has successfully opened up a world of opportunity while creating value for its stakeholders, associates, staff and customers. The existing portfolio is located in some of the most desirable destinations in the MENA region, with a pipeline of hotels being developed to further expand HMH’s regional footprint.

For more information on HMH. please visit

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Momina Chaudhry
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Ajman Ruler Issues Decree Amending Government Human Resources Law – News Wed, 11 May 2022 14:22:08 +0000

The amendment relates to the conditions of employment of the relations

By Wam

Published: Wed, May 11, 2022, 6:22 PM

Last update: Wed 11 May 2022, 09:29 PM

His Highness Sheikh Humaid bin Rashid Al Nuaimi, Member of the Supreme Council and Ruler of Ajman, has issued an Amir’s Decree amending Decree No. 4 for 2017 on the Human Resources Law of the Government of Ajman.

Article 1 of Decree No. 5 for 2022 provides for the replacement of Articles 11, 32, 33, 40 and 60 by the following text: Article 11 – Conditions of employment of relations: It is prohibited for a governmental entity to appoint , transferring, delegating or seconding employees who have a spousal, mixed or kinship relationship up to the second degree with someone in the same organizational unit within the government entity or to have a direct supervisory relationship between them, and all employees are prohibited from making or participating in decisions relating to the appointment, promotion, transfer or delegation of any employee with whom they have a marital, intermarriage or family relationship until in the fourth degree.

The decree specified the other articles n° 32, 33, 40 and 60.

The decree stipulates that any other legislation that contradicts it will be repealed. The decree will be published in the official journal.

Global Drain Cleaning Equipment Market Outlook to 2028 – With Nilfisk, Ridgid and Spartan Tools, Among Others – Wed, 11 May 2022 14:11:00 +0000

The report “Drain Cleaning Equipment Market to 2028 – Global Analysis and Forecast by Product; Supply Source; End User; Sales Channel and Geography” has been added to from offer.

Sewer Cleaning Equipment Market is expected to grow from USD 1,682.73 million in 2021 to USD 2,866.24 million by 2028; it is estimated to grow at a CAGR of 6.8% from 2021 to 2028.

Growing Awareness and Investment towards Efficient Sanitation Infrastructure Propels Growth of Drain Cleaning Equipment Market

The MEA region attracts a lot of foreign investment in its infrastructure and construction sector. Additionally, Africa faces a housing crisis attributed to rapid population growth and increasing migration of people to urban areas.

It is anticipated that due to the continued increase in the population of the region, there will be an increase in the need for housing and other necessary infrastructure. According to the United Nations Department of Economic and Social Affairs, Africa is expected to record more than half of the world’s total population growth between 2015 and 2050. This will further drive the growth of the construction sector in the region, thereby influencing the market . growth of drainage cleaning equipment.

High disposable income and per capita income are mainly expected to increase the adoption of sewer cleaning equipment in Saudi Arabia. The country is planning to invest in its sewage system, for example, in 2016 the Chairman of Ajman Sewers said that the size of the sewer system is expected to double by 2020 in Ajman due to the increase investments. In addition, the presence of large wastewater treatment plants and equipment is also expected to contribute to the growth of the sewer cleaning equipment market.

Based on geography, the sewer cleaning equipment market is segmented into five key regions: North America, Europe, APAC, MEA and SAM. Europe held the largest sewer cleaning equipment market share in 2020. The European construction market is witnessing growth after the slowdown of recent years. Due to demographic trends, low mortgage rates and rising household incomes, residential construction is increasing dramatically. Along with new construction, a steady growth in renovation and maintenance has been observed.

Non-residential construction is also growing due to the positive boost from consumer demand growth and relatively strong corporate profits. The growing demand for housing in this region is one of the main drivers of growth in the construction sector in Europe. Countries like Germany and the UK are experiencing strong growth in their construction sector.

Governments in various countries are taking initiatives to support the construction industry. For example, the Italian government has taken initiatives to strengthen the growth of public and private investment in infrastructure. In addition, in Spain the government provided branches and subsidies for the renovation and construction of houses for rent.

In addition, the Italian government is offering tax breaks and low mortgage interest rates to stimulate the resumption of residential construction in the country. New measures have also been launched recently to further strengthen the country’s real estate market. Such initiatives are expected to boost the growth of the construction sector in the country. Thus, the sewer cleaning equipment market is also expected to grow with the growth of the construction industry in the European region.

Reasons to buy

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Drain Cleaning Equipment Market

  • Highlights key business priorities to help companies realign their business strategies

  • The key findings and recommendations highlight crucial progressive industry trends in the Global Drain Cleaning Equipment Market, thereby allowing players across the value chain to develop effective long term strategies.

  • Develop/modify business expansion plans using substantial growth offering in both developed and emerging markets

  • Dive deep into the global market trends and outlook associated with the factors driving the market, as well as those hindering it

  • Improve the decision-making process by understanding the strategies that drive business interest with respect to customer products, segmentation, pricing and distribution

Market dynamics


  • Rising urbanization in developing economies

  • Growing awareness and investment towards effective sanitation infrastructure


  • Unstable commodity prices and the impact of macro-economic factors


  • Rapid increase in demand from the African region

Future trends

  • Development of technology driven drain cleaning equipment

Companies cited

  • Australian pumps

  • Sustainable manufacturing

  • Electric Eel Manufacturing Co.

  • Flowplant Group Limited

  • General Wire Spring Co.

  • Goodway Technologies

  • Gorlitz Sewer and Drain, Inc.

  • Nilfisk

  • rigid

  • Spartan tools

For more information about this report visit

The growing market on the Abu Dhabi Stock Exchange (ADX) sees growing interest from Emirati private and family businesses Tue, 10 May 2022 07:34:00 +0000

Dr. Faisal Ali Mousa, Chairman of FAM Holding


• New Abu Dhabi Stock Exchange regulations attract more international investors, improve fair price discovery and enhance transparency and levels of disclosure

• FAM Holding looks forward to receiving final approval for listing on Abu Dhabi’s ‘Second Market’, which has recently been rebranded as ‘Growth Market’

• Listing will allow individuals and institutions to invest in one of the fastest growing property development companies in the UAE

Secondary listings on the Abu Dhabi Stock Exchange (ADX) are attracting increased interest from Emirati private and family businesses due to new exchange regulations that attract more international investors, improve fair price discovery and improve transparency and levels of disclosure.

This is according to Dr. Faisal Ali Mousa, Chairman of FAM Holding, a major property developer based in Sharjah in the United Arab Emirates, which will soon be listed on Abu Dhabi’s “Second Market”, which has recently been rebranded as the “Second Market”. the growth “.

FAM Holding will capitalize on the wave of IPOs in the second largest stock market in the Middle East, allowing it to begin a growth phase that will transform it into a larger and more international player in the real estate sector. .

Founded in 2009, the property developer has an investment portfolio worth AED 2 billion and 5,750 residential apartments in the UAE.

Dr. Faisal Ali Mousa, Chairman of FAM Holding, said: “Listing on the ADX Growth Market is a sound option for private and family businesses with strong positions and significant growth potential, as it gives them helps them grow their businesses and businesses faster, in preparation for an IPO. on the primary market at a later stage.”

In response to the growing number of private and family businesses seeking to list their shares on the market, the UAE’s secondary market has recently seen tremendous momentum, he said.

This is a result of the financial market’s efforts to broaden investment opportunities by increasing the number of listed companies and providing more options to investors, he added.

Following its conversion into a private joint-stock company with share capital of AED50 million and obtaining initial clearance for listing on ADX, FAM Holding has announced its intention to list its shares on the growing from the ADX.

Growth market ADX, with a market capitalization of AED62 billion, recorded a “robust performance” in 2021, with the value of shares traded exceeding AED16 billion, while the total number of companies listed on the market rose to 13.

ADX contains two markets: ADX’s main market is where investors buy and sell securities they already own after the company sells its primary market offering; while ADX’s second market (Growth Market) is part of ADX’s existing infrastructure for listing private companies where investors can buy and sell private company securities.

Mousa said listing on the Growth Market has many benefits for companies and individual investors. Listing and trading requirements, especially those related to disclosure, transparency and adherence to the highest institutional standards, build investor confidence in publicly traded companies. They also benefit from excellent investment opportunities in companies with solid foundations and strong growth potential.

For listed companies, listing opens up vast opportunities to expand their operations and activities within their target markets.

“We look forward to receiving final approval for this listing soon, which will allow individuals and institutions to invest in one of the fastest growing property development companies in the UAE,” he said. added.

FAM Holding was established in 2009 and is one of the largest property developers in Sharjah and the Northern Emirates. It has ongoing operations in Sharjah, Ajman and Ras Al Khaimah. With a focus on developing quality properties at affordable prices for middle-income people, with flexible payment terms ranging from 6 to 10 years, FAM Holding has attracted a wide range of domestic and foreign investors to the search for promising opportunities offered by the real estate market.

As part of its long-term strategy, the company also intends to expand into several markets in the region and is expanding its strategy and operations to improve its revenue streams and further support the economic development of the UAE.

Vince Ang
New Perspective Media Group
+971 554739253
write to us here

LIV Developers appoints CRCC as prime contractor for LIV MARINA Mon, 09 May 2022 10:58:03 +0000

LIV Developers, a leading international luxury residential development company, has appointed CRCC as the contractor for its latest project, LIV MARINA. The tower is a 45-storey luxury residential development located in the
most privileged area of ​​Dubai Marina.

The signing ceremony for the project worth over AED 500 million was held at LIV Developer’s head office at Marina Plaza. Nearing completion in 2025, the enablement and foundation work of LIV MARINA was completed in June 2021 by Bauer of Germany, one of the largest foundation companies in the world.

Consisting of branded one, two and three bedroom apartments and penthouses, LIV MARINA will appeal to buyers who wish to live or invest in luxury properties in one of Dubai‘s most desirable locations. The distinguished design and luxurious finishes of the tower will be complemented by waterfront views and a floor dedicated to
world-class amenities to provide a resort lifestyle for its residents.

Commenting on the partnership, Ishan Khwaja, Director of LIV Developers, said, “We are proud to announce our partnership with CRCC as our prime contractor for LIV MARINA. CRCC is the third-largest contractor in the world and enjoys an excellent reputation due to its long-standing stability, extensive experience with similar projects, and solid track record of consistently delivering projects successfully from the point of view. view of safety, quality and deadlines.

Gao Jinping, General Manager of CRCC, added, “We are delighted to start work on LIV MARINA. The project offers a unique offering of luxury residences in a prime location like Dubai Marina and we look forward to working with the team to realize their vision of making the ultimate statement in luxury living.