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FINANCIAL NEWS
Abu Dhabi awards $545m contracts to Sorouh
03 Jul 2010
(MENAFN) Abu Dhabi’s Sorouh Real Estate said that it has received two government contracts worth $544.7 million to build over 1,000 new homes for Emirati nationals, Gulf News reported.
The deal will be funded by the emirate’s Urban Planning Council, and aims to construct residential housing away from Abu Dhabi city, in a bid to boost housing supply within the emirate, the largest of the seven which make up the UAE.
Developers across the UAE have suffered the impact of the global financial crisis which put an end to a six-year construction boom. While Dubai has suffered the most, Abu Dhabi, home to most of the country’s oil, has fared better.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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