32Group, the company behind the $1-billion Snowdome project in Dubailand, has announced plans to invest $5 billion in various projects in the GCC in two years. According to the Gulf News, the company is looking at launching its first mixed-use real estate projects in Saudi Arabia, Kuwait and Qatar.
Amir Pishyar, sales and marketing vice-president, was quoted by the paper as saying the company will work with local partners in these countries. The projects will include retail space, residential blocks and six hotels in different categories.
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