Emaar targets $30bn for Algeria
United Arab Emirates: Tuesday, February 12 - 2008 at 14:00
Dubai-based Emaar Properties has offered to boost its investments in Algeria to $30bn, reported Al-Bayan. Abdelhamid Temmar, Algeria's minister of industry and investment promotion, said the company's first project, worth $5.5bn, will start in the next few weeks. In October, Emaar had agreed to develop four residential and leisure projects around Algiers at a cost of $20bn.
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Jeff Florian, Senior ReporterTuesday, February 12 - 2008 at 14:00 UAE local time (GMT+4)
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