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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
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BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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