Al Habtoor Group launches US$3b Dubai project
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[DUBAI] Family-owned Dubai conglomerate Al Habtoor Group said yesterday that it was launching a US$3 billion real estate development in the emirate that would include 3,000 hotel and residential units as well as a water-themed theatre.
The group - whose operations span the hospitality, construction, education and automotive sectors - said it expected about 20,000 people would visit Al Habtoor City every day.
Chairman Khalaf Al Habtoor told reporters that the group would use its own resources to finance the project, which would be completed by 2016. "We are capable of financing this. But if banks are interested, then we are happy to talk to them," he said.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
