Emaar ready to pay for Gaza Strip settlements

Published February 21st, 2005 - 07:31 GMT
Al Bawaba
Al Bawaba

Mohamed Ali Al-Abbar, chairman of the Dubai-based real-estate conglomerate Emaar, on Thursday offered Israel $56 million for the Gush Katif settlement bloc, which is to be evacuated in July. Israeli Prime Minister Ariel Sharon has vowed the Gaza Strip settlements will be demolished during the evacuation.