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Emaar at Cityscape! USD 60 Billion Worth Projects PDF Print E-mail

Emaar Properties is showcasing its extensive international project portfolio of development value more than AED220 billion ($60 billion) at Cityscape Dubai 2006, the premier property development and investment event to be held at Dubai International Exhibition Center from Dec. 4to 6.

The property developer will have its largest ever participation at Cityscape with a stand of area 825 sq m, four times bigger than last year. A quarter of the stand will set aside exclusively for highlighting King Abdullah Economic City, the largest ever project in the Middle East developed by Emaar Economic City.

“As the pioneer of master-planned communities in Dubai, Emaar is extending its property development expertise through strategic partnerships and joint ventures internationally,” said Issam Galadari, managing director — Emaar International, Middle East and North Africa. “This is in line with Emaar’s Vision 2010 of becoming one of the most valuable companies in the world through expansion and diversification, and is an important growth strategy to position Emaar as a global property developer.”

Emaar’s key international projects include King Abdullah Economic City — over AED 100 billion ($26.6 billion) and Jeddah Hills — AED 41 billion ($11.2 billion) in Saudi Arabia; Marassi — AED6.39 billion ($1.74 billion) and Uptown Cairo — AED14.7 billion ($4 billion) in Egypt; Eighth Gate — AED1.84 billion ($500 million) in Syria; Marina Al-Qussor — AED6.9 billion ($1.88 billion) in Tunisia; Amelkis II and III, Bahia Bay, Oukaimeden, Saphira and Tinja — AED 25.34 billion ($6.9 billion) in Morocco; Canyon Views and Highlands, Islamabad and Crescent Bay, Karachi — AED 8.8 billion ($2.4 billion) in Pakistan; and Tuscan Valley — AED 2.57 billion ($700 million) in Turkey.

Emaar also has the single largest foreign direct investment in the Indian real estate sector with a development outlay of AED3.67 billion ($1 billion).

 
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