UAE- Meydan signs agreement with Guangsha

20 May 2010

(MENAFN) The Chief Executive Officer of UAE-based Meydan said that the company has signed an agreement with a unit of China’s Guangsha Holding Venture Capital Group to build the first phase of a business park in the emirate, Gulf News reported.

Guangsha Middle East Construction LLC, ranked sixth amongst the top private corporations in China with $2.45 billion assets, will build the Meydan Metropolis Business Park Phase 1 in Meydan City, the company said.

The complex will cover a gross floor area of 2.8 million square feet and be comprised of office and retail space, Meydan said.

The park will have 18 towers, of which two are almost complete, Meydan�s Commercial Director told reporters on the sidelines of the news conference.

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