Issue No 313 - 10 Jan. 2010
 
 
Emaar sees 10pc Burj return, rules out merger

Dubai's Emaar Properties said on Monday the world's tallest building, Burj Dubai, has a 10 per cent return for the company, and ruled out any merger with state-linked firm Nakheel.

Chairman Mohamed Alabbar told reporters at a press briefing for the opening of the Burj Dubai there were no plans to merge with Nakheel, after the company cancelled a merger with Dubai Holding in December.


Source: Reuters

     

Head Office:
Wafi Residence, P.O.Box: 7553, Dubai, UAE
T: +971 4 324 22 24, F: +971 4 324 22 21, E: info@eqarat.com

www.eqarat.com