Milestone
Since its inception in 2005, Sorouh is proud to have achieved the following key milestones:
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2009 |
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20 April |
Sorouh announces the launch of Khidmah, a comprehensive services management company in a JV with Capital Investment LLC |
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29 January |
Sorouh reports a 42% increase in net profit to AED 1,784million for the year to 31 December 2008 |
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2008 |
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14 January |
Sorouh announces a joint venture with Tabreed to provide district cooling to sectors of SHAMS Abu Dhabi development |
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February |
Sorouh announces a joint venture with the Goodman Group for the exclusive development and management of business and logistics parks in the GCC |
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17 February |
Launch of Sun Tower within the Gate District in SHAMS Abu Dhabi on Al Reem Island |
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19 February |
Sorouh presents the initial master-plan for Lulu Island to H.H. Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and Supreme Commander of the UAE Armed Forces |
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25 February |
Sorouh Real Estate PJSC is awarded the "Best Customer Service Company - Real Estate category" by the Middle East Excellence Awards Institute |
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March |
New sales centre in Abu Dhabi is launched |
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27 March |
Sorouh strikes strategic alliance with MGM and Rubicon to explore the development of entertainment opportunities within Sorouh's portfolio |
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30 April |
Sorouh announces that it is donating US$ 1 million to the UAE Red Crescent to fund humanitarian work in the region, following the "Sorouh Faces" charity campaign involving members of the public |
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13 May |
At Cityscape Abu Dhabi, Sorouh unveils a 96 sqm architectural model outlining the master-plan for Lulu Island, another landmark development for the city |
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18 May |
Sorouh acquires a strategic shareholding in LLJ Properties LLC, a major Abu Dhabi-based real estate agency |
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22 May |
Sorouh announces the acquisition of a 60 per cent stake in Abu Dhabi-based construction company, Pivot Engineering |
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26 July |
Sorouh announces an improved profit performance: a 75 per cent increase in net profit to AED 977 million for the first half of 2008 |
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16 September |
Sorouh announces a new construction joint venture, Arabian Sea Foundation, with Orascom Construction Industries, Hydra Commercial Investments and Capital Investment, and lands its first construction contract worth US$ 150 million for the enabling works of The Gate Towers, at the entrance to SHAMS Abu Dhabi, on Al Reem Island |
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5 October |
Sales of the Gates Towers launched at Cityscape Dubai |
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6 October |
Sorouh and Tameer Holding Investment LLC announce the award of a AED 6.2 billion contract to the Arabian Construction Company (ACC) to build The Gate Towers, at the entrance to SHAMS Abu Dhabi, on Al Reem Island |
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2007 |
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27 February |
Sorouh signs AED 2.3 billion contract with Arab Construction Company (ACC) to build Sky and Sun Towers on Al Reem Island |
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6 March |
Sorouh allows foreign investors to own shares in the company for the first time |
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14 March |
Construction begins at Sorouh's Golf Gardens development |
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May |
Sorouh is premium sponsor of both Cityscape Abu Dhabi and the first Cityscape Abu Dhabi Golf Classic Tournament, showcasing AED 40 billion worth of projects |
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9 May |
Sorouh wins Best Commercial Project for the Gate District at Cityscape Abu Dhabi |
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23 June |
8,000 cubic metres of concrete form the foundations of Sky Tower |
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4 August |
Sorouh becomes a significant investor in the RealMAROC affordable housing project in Morocco |
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12 September |
Sorouh offers freehold contracts at Tala and Sky Tower developments |
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16 October |
Sorouh unveils its alghadeer development, situated on the Abu Dhabi and Dubai border |
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22 October |
World's largest poster unveiled by Sorouh in $1 million Sorouh Faces charity programme |
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27 November |
Sorouh wins the award for Best New Business at the inaugural Middle East Business Achievement Awards |
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December |
Sorouh awards infrastructure contracts for its Saraya, Al Mashtal and alghadeer developments |
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23 December |
Sorouh wins the award for Best Development for Central Park at SHAMS Abu Dhabi at the CNBC Arabian Property Awards |
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2006 |
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7 March |
Sorouh is awarded the development of the Lulu Island project |
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22 March |
Launch of Waterside residences within SHAMS Abu Dhabi on Al Reem Island |
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1 April |
Launch of Sky Tower within the Gate District in SHAMS Abu Dhabi on Al Reem Island |
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21 May |
Golf Gardens project launches Abu Dhabi's first premium golf course estate - a AED 1.6 billion project adjacent to the Abu Dhabi Golf Club |
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July |
150 Al Khalidiya Residential Village rental villas are completed (and now running at 100 per cent occupancy) |
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August |
Phase 1 of Sas Al Nakhl Residential Village is completed (and now running at 100 per cent occupancy) |
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20 September |
Sorouh and Tameer Holding sign a MOU to establish a joint venture company to develop six towers at the Gate District at SHAMS Abu Dhabi |
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19 November |
Tala Tower development at Marina Square on Al Reem Island launches. |
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4 December |
Saraya development on Abu Dhabi Corniche launches |
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21 December |
Sorouh announces the launch of Central Park at SHAMS Abu Dhabi |
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2005 |
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22 May |
Sorouh Real Estate PJSC IPO is established and AED 2.5 billion worth of shares are issued |
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13 September |
Official launch of Sorouh Real Estate PJSC and SHAMS Abu Dhabi project |
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20 December |
Sorouh Real Estate PJSC starts trading on the Abu Dhabi Securities Market |
