Wednesday, November 15, 2006

Bando Construction to invest in UAE

South Korean property developer Bando Construction and Engineering has revealed plans to invest in UAE's real estate projects next year. It said it will invest approximately $1 billion.

The company added that it plans to unveil many new developments including retail, commercial and residential units.

Bando Construction and Engineering is a 30-year-old company which has more than 280 professionals working in Korea. It builds approximately around 2,000 apartments every year and has a sales turnover of more than Dh1.83 billion in South Korea.

Bando’s Chairman Hong-Sa Kwon said, 'We aim to establish our hold here, but are also considering opportunities throughout the region.'

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