Friday, October 27, 2006

Al Madar announces foray into booming UAE market

Al Madar Property Investments has announced its foray into the fast-growing UAE property market with a string of residential and commercial projects. The property developer plans to invest several billion dirhams in seven major projects in Business Bay in Dubai and GCC.

Al Madar Group was founded in 1992 as a company specialized in the design and construction of civil and industrial projects as well as infrastructure and marine development works. Al Madar has since grown to become one of the premier business houses in the Gulf and has today a presence in several business and industrial sectors, including real estate, contracting, engineering, manufacturing and trading.

By launching a series of high-profile projects in the UAE, Al Madar hopes to capture a sizeable share of the country's booming property market and reinforce its regional standing. Through its projects located at Business Bay, it aims to cater to the country’s demand and tap into the country's rapidly expanding property market.

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