Business | Property

Al Fara'a to launch projects worth Dh10b

Al Fara'a Properties, the flagship subsidiary of the Al Fara'a Construction, Industrial and Property Group, has announced its plans to launch a series of new projects collectively valued at Dh10 billion.

  • Staff Report
  • Published: 23:17 July 12, 2008
  • Gulf News

Dubai: Al Fara'a Properties, the flagship subsidiary of the Al Fara'a Construction, Industrial and Property Group, has announced its plans to launch a series of new projects collectively valued at Dh10 billion.

The new projects will be strategically located in Dubai Maritime City, Dubai Waterfront, Down town Jebel Ali, and Al Reem Island, the company said in statement yesterday.

"We believe that our aim to boost our portfolio to reach Dh10 billion by the end of 2008 is ambitious but nevertheless a realistic one, given the support we have received from the Al Fara'a Construction, Industrial and Property Group and its subsidiaries in the past," said Natasha Gangaramani, director, Al Fara'a Properties.

"We are now investing all our efforts towards achieving this goal," Gangaramani added.

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