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FINANCIAL NEWS
Emaar and Eagle Hills to join Sharjah’s Shurooq
31 Jan 2016
(MENAFN) Emaar and Eagle Hills made a new property venture with Sharjah’s Investment and Development Authority (Shurooq), which will help the emirate’s economic expansion strategies.
Furthermore, the new Co. will seek to “improve investment, commercial, industrial and real estate projects and beyond” with a main focus on real estate development.
“We will seek through the new company to solidify relations based on trust and help develop and grow investments in the UAE, said Shurooq’s chairwoman.
Shurooq will own 34 percent of Omran’s capital, whereas Emaar and Eagle Hills will hold a 33 percent stake, and the new developer will be headquartered in Sharjah.
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