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FINANCIAL NEWS
Emaar Properties says devoted to India projects
25 Jul 2015
(MENAFN) Emaar Properties said it was committed to its projects in India through its joint venture Emaar MGF Land, and that India was a key market for Emaar, Gulf News reported.
Its statement followed a report in India’s Economic Times which quoted unnamed sources as saying Emaar was close to ending its decade-old joint venture with Indian firm MGF Developments.
“We would like to clarify that India is a key market for Emaar and we are committed to the success of our projects in India through our company, Emaar MGF Land Ltd,” Emaar said in a statement.
“As part of streamlining our growth strategy, we conduct regular reviews of the ongoing operations of the company,” it said, adding that it was considering a number of options to ensure that its growth objectives were met.
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