UAE Investments Worldwide

[Bahraini Spirit]

Emaar Properties said it had identified partners and selected prime locations to construct mixed-use developments in Libya.

Emaar's premier foray in the North African country is spearheaded by Emaar International Development, the company's division which conceptualises and develops property for the Middle East and North Africa regions.

The announcement follows a series of presentations and productive meetings Emaar concluded with its partners in Libya. It also comes close on the heels of the company forming Emaar Middle East, a joint venture company with Al Oula of Saudi Arabia.

'Libya will be a cornerstone in our company's dramatic progress to expand into nations beyond the UAE shores,' said Emaar Properties chairman Mohamed Ali Alabbar.

He said: 'Emaar's proven worth in delivering on promises has allowed the company gain strong credibility with our Libyan partners.

'We are already acknowledged as the Middle East region's largest property developer with a commitment to promises.

'This commitment will be further strengthened in Libya, which will be a cornerstone in our company's dramatic progress to expand into nations beyond the UAE shores.

'Libya is full of potential and opportunities. Global interest for Libyan markets is increasing because of the country's key role in the Euro-Mediterranean area and I know the country's government is focussed on structural modernisation.'

The seven-year old company has already begun construction in India on its first international venture, the Boulder Hills community in the southern city of Hyderabad.

Emaar followed it with the signing of an MoU to build residential projects in Jordan. Economic viability studies are also being carried out on a number of international options, including all five other Gulf States, following this week's signing of a joint venture agreement with Al Oula to form Emaar Middle East.

Emaar has already handed over more than 7,000 homes to its owners and before the end of this year, will have completed the handover over 8,000 homes. The company has more than 13,500 units already built or in various stages of development.

Globally acknowledged as one of the finest property developers in the world, Emaar had presented resounding third fiscal quarter results in which the property major set records for both revenue and income.

Emaar is also creating records at the Dubai Financial Market (DFM). As of November 27 this year Emaar's P/E ratio stood at 20, crossing the market average of 19.2.

Emaar, which is the only UAE listed company to be featured on the Dow Jones Arabia Titans Index, reported an impressive Dh1,039 million in profits for the period ended September 30, compared to Dh503 million in the same period a year ago, or a growth of 107 per cent.

Emaar Properties is a Public Joint Stock Company listed on the Dubai Financial Market.-

[Dubai-Lover]

emaar said lybia will be their priority from now on

i mean, when burj dubai is secondary,....

what can we expect then?

it's just amazing that emaar now goes abroad
i mean i never heard of anything spectacular in lybia and honestly: who had serious plans to build something up over there?

[Bahraini Spirit]

emaar said priority was on saudi. So, take it this way, every project that EMAAR plans is priority, and now they are coming to bahrain too, check out the article in the bahrain/qatar forum.

[Dubai_Boy]

Dubai_Lover , what makes a visitor fall in love with a city , is not only the looks of the city , its the people that live there

Lybia is a breathtaking country , however , the majority of its Population , Due to poverty ( well lets just say are not very nice) meaning a visitor might not really enjoy his/her stay

This country , if it ever gets its act together has great potential

and i`m really happy for Emaar they are booming

[smussuw]

Originally Posted by Dubai_Boy

Dubai_Lover , what makes a visitor fall in love with a city , is not only the looks of the city , its the people that live there

Lybia is a breathtaking country , however , the majority of its Population , Due to poverty ( well lets just say are not very nice) meaning a visitor might not really enjoy his/her stay

This country , if it ever gets its act together has great potential

and i`m really happy for Emaar they are booming

Well, they are still living in the ice age thanks to Al Gathafi.

[Dubai-Lover]

yes, sure but he seems to have changed his attitude
in the media he was presented as co-operative

let's wait what this man has in mind

with what he has done - if it's true - it is a very good first step

[smussuw]

Originally Posted by Dubai-Lover

yes, sure but he seems to have changed his attitude
in the media he was presented as co-operative

let's wait what this man has in mind

with what he has done - if it's true - it is a very good first step

So far he didnt do anything for his people. He co-operate now to shut the western countries mouth and to gurantee his chair so that he stay for more 10, 20 years.

[Nainawaaz]

If I am not mistaken, Doesnt Lybia has one of the highest GDP per person in the Arab World? I thought it was around 7 to 10k a year per person.

[smussuw]

Originally Posted by Nainawaaz

If I am not mistaken, Doesnt Lybia has one of the highest GDP per person in the Arab World? I thought it was around 7 to 10k a year per person.

you should say one of the lowest GPP per capita. I think Qatar has the highest with 34,000 per capita and next to it UAE with 22,500 per capita.

[AMDXL]

Libya will start making more projects in near future, the future of Africa is in Libya.

And Qatar will be the richest country in the world after 4 years from now...

[pakboy]

do you know if emaar are coming to pakistan soon.

[Taufiq]

Originally Posted by pakboy

do you know if emaar are coming to pakistan soon.

Well, as of Dec/3 proposals of construction as well as others are in progress, but I highly doubt they will come through. Not too sure of EMAAR specifically as a company, but it may along with other construction companies.

http://www.tradearabia.com/tanews/ne...233&Sn=&Cnt=31

[Nainawaaz]

Originally Posted by smussuw

you should say one of the lowest GPP per capita. I think Qatar has the highest with 34,000 per capita and next to it UAE with 22,500 per capita.

You are right, but recent estimates have said that libya has a GDP of almost 10k per person. That is still very high compared to others. As far as Qatar and UAE, they have a very open economy. Libya was very limited as far as imports and exports.

[ahmedr]

I think you got your facts a bit wrong there Nainawaaz, Saudi Arabia and Malyasia both have an almost constant GDP per capita of almost 8k USD so Libya, like smussuw said with its somewhat backwards government cannot possibly be at 10k per capita because they are lightyears behind SA and Malaysia in terms of industry and natural resources let alone other facets of the economy and stability in politics.

[Nainawaaz]

I didnt say it has the highest GDP in the Arab world. I said one of the highest in the Arab world.The estimate in 2003 had libya at 7600 per person; that is still very high in th Arab world. UAE, Qatar, Bahrain, Saudi Arabia, tunisia, and Lebenon are high.

[smussuw]

Originally Posted by Nainawaaz

I didnt say it has the highest GDP in the Arab world. I said one of the highest in the Arab world.The estimate in 2003 had libya at 7600 per person; that is still very high in th Arab world. UAE, Qatar, Bahrain, Saudi Arabia, tunisia, and Lebenon are high.

According to world fact book

UAE 23,200$
Qatar 21,500$
Kuwait 19,000$
Bahrain 16,900$
Oman 13,100$
KSA 11,800$
Tunisia 6,900$
Lybia 6,400$
Algiria 6,000$

[smussuw]

Originally Posted by smussuw

According to world fact book

UAE 23,200$
Qatar 21,500$
Kuwait 19,000$
Bahrain 16,900$
Oman 13,100$
KSA 11,800$
Tunisia 6,900$
Lybia 6,400$
Algiria 6,000$

Lebanon 4,800$

[Qatar4Ever]

You guys, think of it in other terms!! Living standerd in Abu Dhabi are not the same as those in Libya. Around $5,000 in Libya for a family might be much better than $10,000 a year for a family in Abu Dhabi. You have to take into account the cost of living, which is somewhat high in places like Doha, Bahrain, and im guessing lebanon.

Another thing, i dont agree that qatar ill be the richest country in terms of GDP/capita. It might be true in numbers and on papers, but this effect doesnt trickle down to your regular qatari.. which to a cartain extent is a good thing!! Cause the more will be making, the more expansive things will became. I'd rather see a small gradual increase in GDP/captia rather than a huge jump.

Another thing, libya is considered to be a rich country if u compare it to most african and arab countries. Its just that their leader isnt really in touch with reality and seems to be living in a world of his own. If libya would change its attitude towards foreign policy and be more economically open im sure in no time it will compete or come up to standerds with most gulf countries. The money is there, the brains is there... just the right direction is whats missing.

Nevertheless, ppl should start taking business opportunities in libya seriously, this place can prove to be a gold mine in a couple of years. Great job libya!

[ahmedr]

btw, there is another really cool website where you can check stats like these its www.nationmaster.com.

[Dubai-Lover]

since various companies invest in other parts of the world frequently and this causes many new threads i thought about discussing it in one thread specially made for all news concerning investments abroad