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Emaar teams up with Capri in Saudi
- Saudi Arabia: Tuesday, July 01 - 2008 at 10:15
Emaar, The Economic City, the company developing King Abdullah Economic City, has entered into a partnership with Capri Capital Partners to develop an SR7.5 billion ($2bn) mixed-use project in the KAEC. The 200,000 square metre project will feature two luxury hotels, office towers, a retail center, condominium towers, and a convention center and adjoining hotel. Capri is currently in negotiations with the parent companies of the Waldorf-Astoria and St. Regis hotels to operate the two hotels.
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Jeff Florian, Senior ReporterTuesday, July 01 - 2008 at 10:15 UAE local time (GMT+4)
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