Saudi-based investment and real estate development company, Tanmiyat Group, has announced that all of its projects will be going ahead and that it has no plans to lay off any of its employees amid the global financial crisis.
Company chiefs said they were confident that they would be able to cope with the current market slump.
Abdullah Al Majed, vice chairman of Tanmiyat Group, said: "The global economic crisis that is looming large over us all has had a profound effect on various markets throughout the world.
"At a time like this, we feel it is vitally important to maintain productivity, not only for the sake of boosting our clients' and investors' confidence, but also to ensure that the jobs and futures of our employees are safeguarded."
Tanmiyat Group's projects in the Middle East real estate sector include the Living Legends in Dubailand, the Commercial Heights project in Dubai's Business Bay and the $3bn Ajman Marina development.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.