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FINANCIAL NEWS
UAE’s Emaar to expand into Saudi, Egypt, India
05 Nov 2014
(MENAFN) Dubai developer Emaar announced it has no plans to slow down its massive construction drive in the near future in the country and that they are planning to expand their business in Saudi Arabia, Egypt and India, with plans of project which will last for up to the next 150 years, Arabian Business reported.
The company, which developed Burj Khalifa, announced last week that it was collaborating with Dubai Holding, the investment firm to launch the latest multi-million project known as Dubai Creek Harbor at The Lagoons, which will include 3.664 office units, 8 million square feet of retail space, 39.000 residential units and 22 hotels with 4.400 rooms, while the centerpiece will be The Dubai Twin towers, which will be the tallest twin towers in the world.
“Emaar’s projects are long term and we don’t make plans for the next five years but for the next 50 years, 100 years and 150 years. As long as the country is witnessing economic growth we will pursue our projects. We are very optimistic about the future,” Emaar CEO said recently.
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