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    <title><![CDATA[PMG hands over $300m tower project in Dubai]]></title>
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    <pubDate>Mon, 07 Dec 2009 13:56:47 +0400</pubDate>
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        Project Management Group has said the first phase of the Dhs1.1bn ($300m) Jumeirah Business Centre Towers has been handed over to its developers, Al Fajer Properties. PMG's retendering of the project's nominated subcontracts had successfully trimmed down the final cost for each tower and resulted in a total savings of close to Dhs60m for AFP, according to a statement issued by PMG. The project includes five buildings located in Jumeirah Lake Towers, four of which are 39 storeys while the fifth is 44. [AMEInfo.com]
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    <title><![CDATA[Qatar's Barwa eyes US market]]></title>
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    <pubDate>Mon, 07 Dec 2009 11:41:25 +0400</pubDate>
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        Qatari real estate developer, Barwa has said it is exploring investment opportunities in Washington DC, New York and Los Angeles, Gulf Times has reported. 'The exploration focused on commercial properties  most likely hotels and such,' the group's strategy &amp; investment executive director, Mohamed Abdul Aziz al-Saad, told the newspaper. [AMEInfo.com]
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    <title><![CDATA[Egypt's SODIC to raise EGP1bn in debt: CEO]]></title>
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    <pubDate>Mon, 07 Dec 2009 11:39:29 +0400</pubDate>
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        Maher Maksoud, chief executive of Egypt-based Sixth of October for Development and Investment Co. (SODIC) has said the firm plans to raise some EGP1bn in debt, to fund its key Cairo projects over the next two and a half years, Reuters has reported. 'We are working on getting syndicated debt, et cetera, but we don't need to actually draw it down immediately,' he told the news service. [AMEInfo.com]
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    <title><![CDATA[Baniyas launches new units in Bani Yas City]]></title>
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    <pubDate>Sun, 06 Dec 2009 11:50:03 +0400</pubDate>
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        Abu Dhabi-based Baniyas Investment and Development Co. (BID) has announced the launch of new apartments within its Bawabat Al Sharq project in Bani Yas City. The new Bawabat Al Sharq apartments include 500 apartments, spread across 14 buildings, within six different blocks. The new buildings are part of Phase II of the project, the construction for which is due to commence in early 2010. The entire Phase II of Bawabat Al Sharq, including the new apartments and villas, is scheduled for hand over in the third quarter of 2011, BID said in a statement. [AMEInfo.com]
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    <title><![CDATA[DIP tower ready for handover]]></title>
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    <pubDate>Sat, 05 Dec 2009 11:33:22 +0400</pubDate>
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        Dubai Investment Properties (DIP) has said that it has started commissioning of services for the firm's commercial development, Single Business Tower, Gulf News has reported. "All our systems will be up and running by mid-December and we will be able to begin our leasing process," DIP said. The Single Business Tower features 248 offices and retail spaces over 45 floors, common areas and service outlets. [AMEInfo.com]
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