Korean construction firm to launch twin tower development at Business Bay

Published April 12th, 2006 - 05:25 GMT
Al Bawaba
Al Bawaba

Dubai Properties has sold three plots of land worth US $ 100 million each to Korea's top construction firm, Bando Housing Corp, which will be constructing a US $ 350 million twin tower residential, commercial and retail development at Business Bay.

 

The purchase agreement was signed by Hashim Al Dabal, CEO of Dubai Properties and Hong-Sa Kwon, Chairman of Bando at a ceremony attended by officials from both organizations.