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| Emaar and Turner form new entity Emaar Properties, a global real estate developer, and The Turner Corporation, a leading building services provider, announced their investment in a newly formed entity, Turner International Middle East Ltd (Turner International ME), to jointly tap regional growth opportunities. Turner will contribute its existing operating arm in the Middle East and be a minority shareholder in the new entity. Turner will continue to own intellectual properties and the exclusive rights to the Turner trademark, provide manpower support and training, as well as participate in key decisions for the new company. Turner International ME will continue to focus on program, project and construction management in the Middle East-North Africa region. Turner International ME will be headquartered in Dubai and Ali Odeh, currently vice president of Turner Construction International, will serve as chairman and CEO of the new company. Turner Construction International will continue to do business as usual and pursue opportunities in key growth areas like Asia and the Caribbean. write your comments about the article :: © 2006 Construction News :: home page |