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Dubai – Mubasher: Emaar Properties, based in the United Arab Emirates, which is listed on the Dubai Financial Market (DFM), has signed a memorandum of understanding with Beijing New Airport City Holdings".
Under the terms of the agreement, the two sides will cooperate in the development and construction of a tourist and commercial complex in the coming period, according to a statement from the Dubai financial market.
"The complex will include retail businesses, recreational and hospitality facilities, as well as offices, conference rooms and sports and arts facilities," the statement said.
On Monday, Emaar announced an agreement with the Beijing Daxing International Airport for the implementation of a 40.5 billion dirhams project.
China State Engineering and Construction Co. announced yesterday that they are currently negotiating the second phase of construction of the Al Khor tower as part of the Dubai Creek project, developed by Emaar Properties in partnership with Dubai Holding..
Emaar Properties achieved a net profit of AED 1,742 billion in the first quarter of 2006, compared with AED 1.625 billion in the first quarter of 2018.
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Start the creation of the Moroccan pavilion at the Dubai Expo
UAE tops regional growth index
Inflation in Abu Dhabi has decreased
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