Vakson Group, Kuwait's Mazaya Group tie up
Dubai-based shas entered into an alliance with Kuwait's Mazaya Group to launch another major venture in its array of freehold property portfolio.
According to Khaleej Times, the new move allows Vakson to market and sell 680 apartments in Icon Towers 1 & 2 at Jumeirah Lakes and 419 apartments in Sky Gardens in the Dubai International Finance Centre. Mazaya Group which acquired these projects is specialised in real estate development and project management.
Last year, the Vakson’s sale of land and buildings yielded a turnover of more than Dh2 billion.