RAK Properties to hold AGM tomorrow

RAK Properties, a Public Joint Stock Company listed on the Abu Dhabi Securities Market, is a real estate development company that operates in a sector that is enjoying an economic boom. It has been established to implement the emirate's plans to promote real estate, tourism and leisure facilities in RAK and invest in interesting projects. It is intended that its activities will encourage economic growth in the UAE in general and Ras Al Khaimah in particular. The company launched its first project, Julfar Towers - a 43-storey twin office and residential project estimated to cost AED500 million - in February 2006 followed by Mina Al Arab - spread over 30 million sq. feet - at a cost of AED 10 Billion in May 2006.

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Lina Anani / Sami Al Shorafa
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