1,000 acres township by RAK
The Ras Al Khaimah Investment Authority has signed a memorandum of understanding with the Tamil Nadu government to build two mega townships in the south Indian state for Dh2 billion.The first project in Coimbatore will come up on 1,000 acres and will have an Information Technology Special Economic Zone supported by an integrated feeder township with world-class facilities including malls, hotels and a golf course.The project, expected to be completed in five years, will have about five million square feet dedicated to information technology.The second township at Kadalur in Kancheepuram will have a 500-acre marina, water sports facilities, premium residences and a world class golf course.The memorandum of understanding for the projects was signed by Dr. Khater Massaad, adviser to the Ras Al Khaimah Crown Prince and chief executive of the Authority, and S. Ramasundaram, chairman and managing director of the Tamil Nadu Industrial Development Corporation Ltd, in the presence of Chief Minister M. Karun-anidhi in Chennai.Dr Massaad said the townships would be designed and built by internationally renowned architects and contractors.
