Emaar to showcase $60 billion portfolio at real estate expo
Real estate giant Emaar is expected to showcase an international project portfolio worth more than Dh220 billion ($60 billion) at the upcoming Cityscape 2006 real estate expo, the biggest B2B property expo in the world.
"Emaar is extending its property development expertise through strategic partnerships and joint ventures internationally," said Managing Director of Emaar International, MENA, Issam Galadari according to Khaleej Times.
"This is in line with Emaar's Vision 2010 of becoming one of the most valuable companies in the world through expansion and diversification, and is an important growth strategy to position Emaar as a global property developer," he added.
The company also plans to highlight its development initiatives in India through Emaar MGF Land Private Limited, its joint venture with real estate developer MGF Developments, which plans to develop residential plots, town houses and villas alongside shopping, landscaped gardens, civic facilities and amenities.
Emaar's key international projects include King Abdullah Economic City ($26.6 billion) and Jeddah Hills ($11.2 billion) in Saudi Arabia; Marassi ($1.74) and Uptown Cairo ($4 billion) in Egypt; Eighth Gate ($500 million) in Syria; Marina Al Qussor ($1.88 billion) in Tunisia; Amelkis II and III, Bahia Bay, Oukaimeden, Saphira and Tinja ($6.9 billion) in Morocco; Canyon Views and Highlands, Islamabad and Crescent Bay, Karachi ($2.4 billion) in Pakistan; and Tuscan Valley ($700 million) in Turkey. Emaar also has the single largest foreign direct investment in the Indian real estate sector with a development outlay of $1 billion.