Tuesday, August 19, 2008

Union Properties: New Project Plans, $7 Billion

Union Properties eyes $7bn in projects
Trade Arabia - Manama, Bahrain
Dubai-listed Union Properties plans to launch 25 billion dirhams ($6.81 billion) of new projects soon, after boosting its land bank in partnership with the Dubai government, its chief financial officer said... Union Properties told Reuters last week it planned to borrow $1 billion by the end of the year to help finance projects ...

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