Al Mazaya to invest $1.4bn in Jebel Ali

United Arab Emirates: Tuesday, December 04 - 2007 at 12:57

Kuwaiti-based property developer Al Mazaya Holding plans to invest Dhs5bn ($1.4bn) to construct buildings in nine plots within the Downtown Jebel Ali project, a masterplanned community being developed by Limitless, Dubai World's global real estate arm. The plots will occupy two quarters of Downtown Jebel Ali's four quarters. Al Mazaya plans to build a commercial tower in quarter one, and eight other buildings in quarter four.

Jeff  Florian Jeff Florian, Senior Reporter
Tuesday, December 04 - 2007 at 12:57 UAE local time (GMT+4)

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