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$5.45bn Deira redevelopment
- United Arab Emirates: Tuesday, May 22 - 2007 at 07:10
South Korea-based Sungwon Corporation has signed an agreement with Dubai state-owned Deira Investment to redevelop an area of old Dubai, Emirates today reported. The estimated $5.5bn project calls for the building of residences, shopping malls as well as public and harbour facilities in Deira on Dubai Creek. Sungwon plans to form a consortium with four to five Korean builders to execute the development.
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James McInerney, News EditorTuesday, May 22 - 2007 at 07:10 UAE local time (GMT+4)
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This article was updated on Mon Jun 11 2007.
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