Agreement signed for Dh8b project in Umm Al Quwain

Dubai: Shaikh Abdullah Bin Rashid Al Mualla, Umm Al Quwain Deputy Ruler, and Shaikh Tariq Bin Faisal Al Qasimi, Chairman of the Emirates Investments Group LLC (EIG) recently signed an agreement that will see the establishment of White Bay, a master planned community and tourism resort in Umm Al Quwain.

The project is worth more than Dh8 billion. It will be marketed and managed by Emirates Sunland Group (ESG).

ESG is a 50:50 partnership between Sunland Group, an Australia based property development company, and UAE-based Emirates International Holdings Ltd.

Raza Jafar, managing director of EIG said: "This project will compliment the various other mega projects already under development in Umm Al Quwain and we envisage that such a scheme will contribute significantly to the growth of both Umm Al Quwain and the UAE."

Soheil Abedian, Managing Director of Emirates Sunland Group, said: "White Bay will be a destination for those who would like to experience the facilities and services of a world-class resort, all in the natural environment of Umm Al Quwain."