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FINANCIAL NEWS
Dubai’s SKAI Holdings to invest USD600m in next 6 months
22 Sep 2014
(MENAFN) SKAI Holdings, the Dubai-based real estate investment firm, announced it is planning to invest USD600 million in the Dubai market over the next six months, Arabian Business reported.
The company also announced it has started work on its keystone project, the USD1.6 billion Viceroy Dubai Palm Jumeirah, which is set to be completed by 2016, as well as its second project in Jumeirah Village Circle and helped it secure USD252.4 million in sales.
“At SKAI Holdings believe we have found the sweet spot by investing all our capital into hospitality projects, the $32 billion investment in Dubai World Central, the Mall of the World and world class theme parks together with the vision to hit 20 million tourists by 2020, it is a forgone conclusion,” SKAI Holdings CEO said.
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