Saudi developer eyes Abu Dhabi
United Arab Emirates: Thursday, May 15 - 2008 at 09:07
Land Saudi Arabia, a Saudi-based real estate company which is currently developing mixed-use projects in Qatar, Saudi Arabia and Jordan worth more than $20bn, is eyeing Abu Dhabi as its next market, a senior company executive told Gulf News. Nasri El-Helou said the company intends to develop luxury projects that cater to the elite segment of the population in the emirate. The return on investment for property developers in Abu Dhabi is still good, despite rising development costs, he noted.
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Jeff Florian, Senior ReporterThursday, May 15 - 2008 at 09:07 UAE local time (GMT+4)
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