Farglory set to develop $1bn Abu Dhabi hotel and residential project

04 November 2010

Development will be built in new financial district

Abu Dhabi’s Mubadala Development Company and Taiwan’s Farglory Group are set to develop an estimated $1bn hotel and residential project in the emirate’s new financial district, Reuters has reported, citing a source close to the project. The project includes high-end residences, office buildings, luxury hotels and shopping malls and construction is set to begin in the third quarter of next year, with completion due in 2016, the source said.

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