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Dubai to invest $70m in Comoros
- United Arab Emirates: Tuesday, September 11 - 2007 at 14:22
Dubai World, the holding company for the emiraet, will invest $70m in a luxury hotel and residential development in Comoros, in the Indian Ocean. The deal includes the formation of a company established specifically for the acquisition, Dubai World Comoros Limited, in which the Comoros Government is a shareholder. Upcoming projects will include refurbishment of the 150-room Le Galawa beach resort and development of 22.5 hectares of adjacent beachfront.
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Jeff Florian, Senior ReporterTuesday, September 11 - 2007 at 14:22 UAE local time (GMT+4)
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