Dubai firm to buy Blue City notes
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Dubai firm to buy Blue City notes

Dubai firm to buy Blue City notes

Dubai-based Essdar Investments has made an offer to buy notes sold by Oman's stalled Blue City development at a discount, Bloomberg has reported. The company said it will pay 20% of face value for class B1 and class C securities in an offer that closes July 21. Blue City, near the capital, Muscat, was supposed to include more than 200 villas, 5,000 apartments, four hotels, two golf courses and a clubhouse.

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    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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