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FINANCIAL NEWS
UAE’s Emaar revenue hits USD283.55m in 2014
15 Mar 2015
(MENAFN) UAE’s Emaar achieved its highest revenue in 2014 at USD283.55 million, reflecting a 28 percent increase compared to 2013, Saudi Gazette reported.
Net profit in 2014 amounted to USD101 million in comparison to the USD72.75 million in 2013, showing a 39 percent increase. This is in addition to awarding contracts of almost USD532.99 million for new construction projects.
“KAEC is moving in high pace within its strategies. Today, it is brimming with various residential projects that suit all segments of the society, distinctive educational projects,” the Group CEO and MD of King Abdullah Economic City said in a statement.
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