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FINANCIAL NEWS
Farglory wins $1b deal in Abu Dhabi: report
03 Nov 2010
(MENAFN) Taiwan’s Farglory Group will develop an estimated $1 billion hotel and residential project in Abu Dhabi’s new financial district in partnership with the emirate’s state fund, Reuters reported
The project, which includes high-end residences, office buildings, luxury hotels and shopping malls, is slated to break ground in the third quarter of next year, with completion due in 2016.
The project will form part of the Sowwah Square development, which will be the future home of the Abu Dhabi stock exchange and which the emirate is building up as a financial centre, backed by state investment fund Mubadala.
Abu Dhabi, the United Arab Emirates’ capital, is investing heavily in sectors such as real estate, industry, tourism and infrastructure to diversify its economy from oil. Work on Sowwah Square began in 2007.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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