Saturday, January 06, 2007

Omniyat Properties set to invest Dh.10bn

Omniyat Properties, a unit of Al Masa Holdings, has announced that it plans to invest Dh.10billion in the real estate sector during 2007.

The President and CEO, Mehdi Amjad mentioned that the investment of Dh.2.7bn which was announced during initial part of 2006 are included in the Dh.10bn figure. He added that the company will shortly set up a public joint stock company for international investments with three new units to be inaugurated for work in Islamic financing, tourism and hotels.

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