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FINANCIAL NEWS
USD408 m project to build and renovate 10,000 houses
22 Sep 2013
(MENAFN) UAE Deputy Prime Minister and Minister of Presidential Affairs has approved contracts for the phase 1 of a USD408 million project to build and renovate 10,000 houses for citizens, Arabian Business reported.
The minister said that the UAE is keen on providing suitable and decent living conditions for UAE citizens.
A report by WAM news agency said that the homes will be given on the basis of “the lifestyle of the Emirati families, functionality, comfort and privacy.”
The project, expected to finish by 2017, will include mixed-use housing complexes with 100 villas and associated facilities within each.
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