The Federal Government of Dubai has recently awarded a free plot of land to the Emaar Real Estate Company. The company will use this land, valued at 2.2 billion Emirati dirhams ($600 million), to build a golf resort, a ranch and a hotel. Construction of the new complex is expected to commence in February 2002. — (menareport.com)
© 2001 Mena Report (www.menareport.com)
