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Dubai Investment unit lays corner stone for Fujairah project

Dubai Investment unit lays corner stone for Fujairah project
Dubai Investments
DIC
0.87% 2.33 0.02
Al Taif Investment, a subsidiary of Dubai Investments, has laid the corner stone for its iconic Fujairah Business Centre project.
The project, to be built at a cost of AED 400 million, consists of two towers spread across a total built-up area of 80,058 square meters. They include a 19-level office tower and 19-level Courtyard by Marriott hotel with 228 rooms and apartment units.
The project will be completed in three years.
Mr. Khalid Bin Kalban, Managing Director and CEO of Dubai Investments and Chairman of Al Taif Investment , said the project sets new benchmarks in urban development in Fujairah and acts as a catalyst for growth by creating robust opportunities for commerce and entrepreneurship.
“Through this iconic project, we are seeking to capitalize on the investment potential and exploit the diverse business opportunities that Fujairah offers,” he said.
Photo Credit: Arabianeye-Reuters