Dubai-based developer Emirates Sunland Group, in which Australia's Sunland Group holds a 50 per cent stake, has signed a joint venture agreement (JVA) with the local Arabtec Construction for the construction of a mixed-use complex on the Culture Village project in Dubai. The agreement, which will see all construction fees and margins shared equally, is believed to be the first true partnering agreement to be formed in Dubai. Emirates Sunland has also signed a JVA with a local developer to provide project management services (PMS) on a major mixed-use development in Umm al-Qaiwain.
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