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.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.