Aabar has signed a US$2 billion (Dh7.34bn) deal with China to develop 30 properties in Abu Dhabi.
China State Construction Engineering Corporation has an agreement with Aabar, an Abu Dhabi Government investment vehicle, to develop the projects including office buildings, hotels and apartments, the Chinese company said.
Industrial and Commercial Bank of China (ICBC) will provide Aabar with the funding, while China State Construction will be the contractor for the projects, China State Construction said in a statement to the Shanghai stock exchange yesterday according to official Chinese media.
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