Singaporean investor signs with the Palm
The Palm, Dubai’s island development located in the waters of the Arabian Gulf, has signed a Memorandum of Understanding (MoU) with Lum Chang Holding Limited (LCH).
The MoU details LCH’s intention to develop an athletics style club with hotel facilities on The Palm, Jumeirah and an underwater world in the Sea Village on the trunk of the Palm, Jebel Ali.
Established in 1984, LCH has substantial interests in a network of companies whose business include construction, property, hotel and serviced residence. With its base in Singapore, Lum Chang operates its network of subsidiaries, associated companies, joint ventures and one co-operative venture in Malaysia, Thailand, the People’s Republic of China, Hongkong, Mauritius, Vietnam, Laos, Australia and the United Kingdom. — (menareport.com)
© 2003 Mena Report (www.menareport.com)