Monday, 22 July 2019

#Dubai's Top Developer to Team Up on $11 Billion Project in China - Bloomberg

Dubai's Top Developer to Team Up on $11 Billion Project in China - Bloomberg:

The developer of the world’s tallest tower in Dubai will venture out to China as property demand falters at home.

Emaar Properties PJSC, the United Arab Emirates’ largest publicly traded developer, will partner with Beijing Daxing International Airport to develop an $11 billion project, the U.A.E.’s state-run WAM news agency reported on Monday.

The residential and leisure development will be built on a section of the airport’s area and should be completed in 10 years, WAM reported, citing an interview with Emaar’s Chairman Mohamed Alabbar.

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