A Dh2.7 billion property development will be among the projects implemented by a new publicly traded real estate company, officials in Ras Al Khaimah said, according to Gulf News.
The RAK Real Estate Co was set up following Decree No 5 of 2005 issued by Shaikh Saqr Bin Mohammad Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah. The company's initial capital has been set at Dh2 billion, company representatives said.
