Wednesday, November 19, 2008

AED 20Bn Ghadeer Development Financed and Infrastructure Work Started

Work on Dh20bn Al Ghadeer starts
Zawya - United Arab Emirates
Abu Dhabi-based real estate developer Sorouh Real Estate has started infrastructure works of the Dh20 billion-Al Ghadeer development, said a senior official. The project is located on the Dubai-Abu Dhabi border.
"The company does not have any problem with regard to liquidity at present. It collected Dh4bn loans from international and local finance institutions through sukuk. ...

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