Friday, 6 May 2011

Dubai's Emaar to review foreign units-sources - Maktoob News

Dubai's Emaar Properties, builder of the world's tallest tower, will conduct a strategic review of its foreign operations which may lead to a greater focus on its hospitality and retail resort business, three sources said on Thursday.

The review by McKinsey and Co. mainly relates to the developer's property division as opposed to its thriving hospitality sector, said two of the sources, speaking on condition of anonymity.

It will cover Emaar's overseas units which span the Middle East, Africa and Asia, in countries like India, Egypt and Saudi Arabia.

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