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FINANCIAL NEWS
Dubai Parks invests USD816.97m in projects
11 May 2015
(MENAFN) Dubai Parks and Resorts exceeded a figure of USD816.97 million spent over several investments and projects by the end of March, according to a corporate statement, Gulf News reported.
The company has spent a sum of USD708.04 million on investments and projects over its last operating period. Dubai Parks persists over its spending despite posting a loss of USD3.5 million in the first quarter.
“We are on track to invest a cumulative Dh5.9 billion by year-end as outlined in our first quarter statement. We remain on track both financially and operationally as outlined in our prospectus of last year.” The firm’s CEO said.
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