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Global fund buys Muscat property
- Oman: Tuesday, August 22 - 2006 at 13:05
Kuwait's Global Investment House has acquired land in Muscat on behalf of its GCC Real Estate Fund in a joint venture with fund adviser Alargan Int'l Real Estate Company. The investment is worth $10.9m including investor's equity of $1.5m, with the balance to be financed according to shariah principles. A residential project on the site will have 100 villas and townhouses that will be sold locally.
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James McInerney, News EditorTuesday, August 22 - 2006 at 13:05 UAE local time (GMT+4)
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This article was updated on Thu Dec 21 2006.
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