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Majid Al Futtaim plans $1bn project in Syria
- United Arab Emirates: Wednesday, September 30 - 2009 at 14:35
Dubai-based Majid Al Futtaim Properties is continuing with its regional plans despite the economic downturn, the company's CEO, Peter Walichnowski has announced He said that the firm will begin construction over the next 12 to 18 months and has drawn up a master plan for a mixed-used development that will be built across a 100-hectare site in the Sabboura Yafour district of Damascus in Syria. An initial $1bn is expected to be invested in the development, which will include a mix of hotels, offices, homes and retail outlets and will be built in phases over 10 years.
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StaffWednesday, September 30 - 2009 at 14:35 UAE local time (GMT+4)
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