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GFH says DubaiLand deal value is around $ 30 mln

GFH says DubaiLand deal value is around $ 30 mln
GFH
GFH
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Bahrain - based Gulf Finance House revealed that the recent agreement it has established with DubaiLand is about the acquisition of a plot of 1.2 million sq., at a total value of $ 30 million said, bourse statement.

GFH noted that the development of the land will take place over 5 years and work is expected to commence in 6 months’ time.

The deal is expected to have positive impact on the financial results of 2014, GFH added.