Emaar eyes expansion abroad

05 January 2010

Dubai's Emaar Properties has said it has no plans to merge with Nakheel, and will focus its efforts abroad and on non-property sectors such as hospitality and hospitals, Reuters has reported. 'All the studies which we made, we couldn't find a way ahead and it wasn't the right time for a merger at this time,' Issam Galadari, chief executive of Emaar Dubai, said at a media briefing.

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