Business | Property
Channel Sponsor
Sorouh eyes investment opportunities
Sorouh Real Estate, one of the largest property developers by market capitalisation in the UAE, will draw up investment plans for its proposed mixed-use development projects in Egypt and Morocco by the middle of this year, a senior company executive, close to the developments, said yesterday.
- By Himendra Mohan Kumar, Staff Reporter
- Published: 23:40 February 25, 2008
Abu Dhabi: Sorouh Real Estate, one of the largest property developers by market capitalisation in the UAE, will draw up investment plans for its proposed mixed-use development projects in Egypt and Morocco by the middle of this year, a senior company executive, close to the developments, said yesterday.
"We are currently in talks with the authorities in the respective countries. It is too early as we continue to explore opportunities in Egypt and Morocco and our negotiations are ongoing," the Sorouh executive told Gulf News.
Earlier this month, Gurjit Singh, executive director for property development at Sorouh, said that Sorouh plans to start developing projects in Egypt and Morocco "shortly" as part of a strategy to increase revenue through foreign operations.
Share this article
Gulf News classifieds
Popular in Business
Business Editor's choice
-
Media baron Murdoch cries foul
Murdoch's suggestion of content theft infuriates digital evangelists
-
Jobs vital to global recovery
Higher unemployment reduces purchasing power and revenues
-
Abulhoul Aviation to begin operations
New charter company will use Cessna 206 Station Air to transport tourists
-
Banking
Mortgages: there's light at the end of the tunnel
UAE buyers are securing home loans again
