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Article: United Arab Emirates : Emaar Syrian JV pushes on with $1.1bn project.
- Article from:
- TendersInfo
- Article date:
- July 30, 2009
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Byline: pinto03
Dubai-based Investment Group Overseas (IGO) said on Wednesday the merger of its partner Emaar Properties with fellow UAE firms will not derail a Syrian development worth about $1.1 billion.
Emaar, the Gulf region's second-largest developer by market value, pulled out of Algeria earlier in July citing slow progress in a $20 billion project after announcing in June it planned to tie-up with three property firms by the end of 2009.
Speaking to Reuters on Wednesday, IGO managing partner Anas Kozbari said Emaar-IGO was still aiming to complete the first phase of the Eighth Gate project, which will include the new Damascus Stock ...