Business | Property

Rikaz invests Dh350m in Dubai plots

Rikaz Properties, a Saudi real estate company, concluded last week an acquisition of several lots of land in Dubai with a total investment of over Dh350 million, the company said in a statement.

  • Staff Report
  • Published: 00:08 July 2, 2008
  • Gulf News

Dubai: Rikaz Properties, a Saudi real estate company, concluded last week an acquisition of several lots of land in Dubai with a total investment of over Dh350 million, the company said in a statement.

Khalid Al Gahtani, Rikaz president and CEO said the move was a "an expression of our confidence in Dubai and its growth plans. Dubai today leads the development boom of the region resulting in attracting many international companies to establish their regional operations in Dubai".

"Commercial built up area will amount to 300 thousand square feet with many facilities and conference spaces, restaurants and related retail areas."

  • Rate this article
  • Average reader rating (0 votes) 0 Stars
Tools

Emailing an article to friend is a simple way to share a news item. Your friend will receive an email with your name and email address as well any personal message you choose to send.

The information you provide on this page will not be used to send unsolicited emails.

This service is not intended to encourage spam, and action may be taken against individuals who maliciously enter personal details of another individual.

Share this article

Property

Gulf News
Gulf News classifieds
  5. Browse all jobs
  5. Browse all cars
  6. Browse all properties
  5. Browse all classifieds
Popular in Business
Business Editor's choice
Abu Dhabi's infrastructure spending
UAE

Abu Dhabi's infrastructure spending

New road networks to reignite construction sector.

Popular in GNTV
Popular in Pictures