Business | Construction
Realty Capital finds ways to address building materials shortage
Realty Capital Middle East announced on Tuesday it is coordinating with its main contractor Al Naboodah to ensure that the Dh1 billion "i-Rise" business complex project will be delivered on time despite a widespread global shortage of building materials.
- Staff Report
- Published: 12:08 August 5, 2008
Dubai: Realty Capital Middle East announced on Tuesday it is coordinating with its main contractor Al Naboodah to ensure that the Dh1 billion "i-Rise" business complex project will be delivered on time despite a widespread global shortage of building materials.
Realty Capital chief executive officer Marwan Mansour said they have augmented their "resources" to keep their construction on track and reduce the impact of supplies shortage.
"We have impressive growth plans that do not leave room for delays to i-Rise. This flagship project is essential for us to sustain the momentum of our rising market reputation," said Mansour.
Realty Capital Middle East is a partnership between Rasmala Investments, a Dubai-based regional investment bank, and Khayyat Investments, a UAE-based group with a wide range of national and regional activities.
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