NEWS
Quick Access
Emaar plans to set up firm in Palestine
BY A STAFF REPORTER

19 February 2005
DUBAI — Emaar Properties has decided to establish a new company — Emaar Palestine — in the Palestinian Authority, said Mohammed Ali Alabbar, Chairman, Emaar.

Alabbar, said: " This development  follows the  discussions held in Ramallah between Palestinian Authority President Mahmoud Abbas, Prime Minister Ahmed Qorei and  Emaar. The meeting was attended by a range of businessmen and officials invited by the Authority to discuss plans to build infrastructure as well as mixed use residential and commercial developments in Palestine."

Prime Minister Ahmed Qorei said: "The meetings held with Alabbar  were under the directions of the UAE Government who are keen to invest in development projects to provide a boost to the economy of the Palestinian Authority and help the Palestinian people overcome their difficulties. The new company has already identified areas for development and will work alongside the UAE Red Crescent Society to build hospitals and primary health care centres as well as educational institutions. Emaar Palestine's priority is to plan and construct well designed communities with all amenities, providing quality modern homes with comprehensive community services, while using local materials and expertise."

"Gen. Shaikh Mohammed bin Rashid is clear that Dubai and the UAE should lead the way in providing support to the people of Palestine. As a collective force, Arab companies and the people have to show that it is possible to move ahead on the economic and infrastructure front despite the long standing Palestine - Israeli conflict," added Alabbar.

Have your say
OTHER STORIES
  Mohammed Issues Decrees Reorganising State Firms
  IMF’s Lipsky Sees Sluggish Recovery
  Saudi Set for Asia Crude Benchmark
  Punjab Opens Up for ‘Global Investment’
  Global Recovery will be Patchy in 2010; Asia and ME to Lead Growth
  Emaar India Unit Plans to Sell Shares: Alabbar
+ MORE STORIES

Khaleej Times Services
© 2009 Khaleej Times, All rights reserved