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| Emaar showcases international projects at Cityscape Emaar Properties is showcasing its extensive international project portfolio of development value more than AED 220 billion (US$60 billion) at Cityscape Dubai 2006, the premier property development and investment event to be held at Dubai International Exhibition Centre from December 4 to 6. Emaar is the Platinum Sponsor of Cityscape Dubai 2006 and the Sponsor of Cityscape Press Club 2006. Emaar's key international projects include King Abdullah Economic City – over AED 100 billion (US$26.6 billion) and Jeddah Hills – AED 41 billion (US$11.2 billion) in Saudi Arabia; Marassi – AED 6.39 billion (US$1.74) and Uptown Cairo – AED 14.7 billion (US$4 billion) in Egypt; Eighth Gate – AED 1.84 billion (US$500 million) in Syria; Marina Al Qussor – AED 6.9 billion (US$1.88 billion) in Tunisia; Amelkis II and III, Bahia Bay, Oukaimeden, Saphira and Tinja – AED 25.34 billion (US$6.9 billion) in Morocco; Canyon Views and Highlands, Islamabad and Crescent Bay, Karachi – AED 8.8 billion (US$2.4 billion) in Pakistan; and Tuscan Valley – AED 2.57 billion (US$700 million) in Turkey. Emaar also has the single largest foreign direct investment in the Indian real estate sector with a development outlay of AED 3.67 billion (US$1 billion). Emaar also highlights its development initiatives in India through Emaar MGF Land Private Limited, its joint venture with real estate developer MGF Developments. Emaar MGF plans to develop residential plots, town houses and villas alongside shopping, landscaped gardens, civic facilities and amenities. There is also provision for opening international standard offices, special economic zones and IT parks. Emaar MGF will also build 10 to 15 luxury- and 40 to 45 business hotels with an initial investment of US$1 billion in the next 3 to 5 years. The company recently announced the roll out of 100 budget hotels in India over the next decade through its joint venture with Accor. Cityscape is an annual networking exhibition and conference focusing on all aspects of the property development cycle, and attracts key investors, developers, architects and designers, among others. write your comments about the article :: © 2006 Construction News :: home page |