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Emaar has $100b of foreign projects
DUBAI — Dubai-based developer Emaar Properties has more than $100 billion worth of international projects in the pipeline, a senior executive said yesterday.
Arif Amiri, senior director of investor relations and corporate governance, said Emaar's international growth is endorsed by the growing confidence in our projects by international investors. "With a pipeline of projects valued at over $100 billion, we forecast international operations to contribute 60-70 per cent of our total revenues by 2010."
Speaking to over 270 Dubai Property Group (DPG) members and other high-ranking real estate professionals, Amiri said that Emaar has played an instrumental role in shaping the current property dynamic of the Emirate in line with the growth strategies of the Dubai government. Moving forward, Emaar is taking the Dubai development model internationally.
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