Zafir Rashid’s Teramir Group Aligns With Global Partners To Deliver Next-Generation Hospitality Infrastructure
Teramir Group, led by Head of Development Zafir Rashid, is advancing its flagship mixed-use development with support from a network of global partners, including AMSYS Development, the development arm of AMSYS Group. With permitting nearing completion, the group is preparing to transition into vertical construction on a project valued at over $1.5 billion.
The development integrates hospitality, residential, wellness, and infrastructure components into a cohesive, master-planned destination. Engineering consultants, hospitality operators, and international design firms have worked in tandem with Teramir Group to shape an offering that reflects both global standards and culturally attuned experiences.
“Our ability to bring international teams into alignment around a unified vision is what sets this development apart,” said Rashid. “From strategy to construction to brand integration, every component is being delivered with long-term performance in mind.”
AMSYS Development, a core stakeholder in the project, brings deep experience in infrastructure and scalable systems. Their involvement strengthens the development’s foundation and ensures technical precision as it enters the build phase. The project includes branded residences, themed entertainment, water features, and a wellness-focused hospitality concept that emphasizes inclusive, alcohol-free environments and global cuisine.
With horizontal construction already completed, Teramir Group is now positioned to begin building upwards following final regulatory approval. The team has coordinated closely with local authorities and engineers to ensure every milestone is met with clarity and control.
About Zafir Rashid
Zafir Rashid is Head of Development at Teramir Group, where he leads global development strategy. With over 25 years of experience, he has overseen complex, high-value developments across multiple international markets.
About Teramir Group of Companies
Teramir Group is a private real estate development firm focused on hospitality-forward, infrastructure-integrated projects. Operating across North America and the Middle East, Teramir delivers high-impact master plans designed for long-term value and modern living.
