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UAQ to have real estate joint stock company
UMM AL QAIWAIN — The emirate of Umm Al Qaiwain is all set to have a real estate public joint stock company of its own.
Shaikh Saud bin Rashid Al Mualla, Crown Prince and Deputy Ruler of Umm Al-Qaiwain and Chief of Police and General Security yesterday, issued a decree forming a task team to prepare for the creation of the company.
The team, which will be chaired by Shaikh Marwan bin Rashid Al Mualla, head of Umm Al Qaiwain’s land and property department, will submit its recommendation to the Deputy Ruler within two months from the decree’s date of issue. Shaikh Marwan said among the objectives of the new company are the development of the real estate sector and execution of huge, phased property projects in the emirate.
‘The decree allows the task team to seek the advise of whom it deems appropriate among experts,” he said.
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