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Bin Laden group plans huge project
- Wednesday, August 29 - 2007 at 08:23
Middle East Development, a Dubai-based firm controlled by the Saudi bin Laden Group, is obtaining large parcels of land in Yemen, Djibouti and Syria for development, Reuters reported. CEO Oussama Al-Dimashki said the goal is to build city 'fanchises,' whole new cities that would be run by private corporations and businesses rather than governments. He said the projects would cost 'hundreds of billions of dollars.'
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Jeff Florian, Senior ReporterWednesday, August 29 - 2007 at 08:23 UAE local time (GMT+4)
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