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$109m Rakeen for RAK property
- United Arab Emirates: Tuesday, December 05 - 2006 at 14:16
A $109m private joint stock company, Rakeen, is being set up in Ras Al Khaimah to handle more than $1bn worth of development in the emirate, promoters said. The company will be responsible for developing local projects such as Marjan Islands, RAK Offshore, The Gateway, Al Hamra Amenity Centre, Jabal Al Jais and Banyan Tree Resort. It will also develop projects in Italy, Iran, India, Azerbaijan, Ukraine and Georgia.
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James McInerney, News EditorTuesday, December 05 - 2006 at 14:16 UAE local time (GMT+4)
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This article was updated on Sat Apr 07 2007.
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