UAE Investments Worldwide

[dubaiflo]

actually it's great emaar expands to all over the world.

[Dubai-Lover]

maybe we should put this here too


Dubai International Properties and the Istanbul Metropolitan Municipality unveil 'Dubai Towers-Istanbul' at USD500 million dollars

Dubai International Properties, a Dubai Holding subsidiary, and the Istanbul Metropolitan Municipality unveiled plans to build a multi-use tower complex in Turkey's commercial city of Istanbul.


Dubai Towers.

The project, to be called Dubai Towers - Istanbul, is at a cost of $500 million, and marks the first project within the $5 billion joint investment venture announced between the two parties.

The Mayor of Metropolitan Istanbul, Mr. Kadil Topbas said, 'Our municipality holds a great deal of real estate portfolio. It wouldn't be hard to estimate the benefits to be gained from the real estate investment partnership enterprise of the Istanbul Metropolitan Municipality.'

He added, 'Istanbul Metropolitan Municipality is going to develop its cooperation with Dubai International Properties step by step. In fact, today, Dubai International Properties confirms once more their will to make an investment of about $5 billion in our country in the years to come.'


Mohammed Al Gergawi, Executive Chairman of Dubai Holding said, 'This project, which we are launching in partnership with the Istanbul Metropolitan Municipality, represents one of the largest Dubai Holding projects internationally. Our selection of Turkey for such a project reflects our trust in the growth potential of the Turkish economy, and its position as a strategic international hub for business, trade and tourism.'


He added, 'The project has been undertaken under the guidance of His Highness General Sheikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Minister of Defense, who is a firm believer in the importance of regional co-operation. His Highness has recently held talks with the Turkish Prime Minister Recep Tayyip Erdogan in which they discussed bilateral relations between Turkey and the UAE.'

Al Gergawi further said, 'We are very pleased to announce this project, which we consider as a major step towards building stronger economic relations with Turkey and strengthens the cooperation necessary for the overall development of the region. The Dubai Towers - Istanbul project will offer tremendous economic, trade and tourism benefits and will further position Istanbul as one of the leading cities in the world for business, shopping and entertainment.'

It is worth noting that Dubai Holding, the mother company of Dubai International Properties, has widespread presence in a number of sectors across Europe, North America, the Middle East and Southeast Asia. Over the last two years, the company had become involved in high scale international investments through its subsidiaries Dubai International Capital, Dubai International Properties, and Dubai Investment Group, which included investments in Daimler Chrysler and The Tussauds Group.

Farhan Faraidooni, Chief Executive Officer of Dubai International Properties, said, 'Apart from developing real estate, this project is set to contribute to the creation of jobs in the country. Turkey, on the crossroads of Europe and Asia, is a key market and one that is poised to take off in the coming months and years. '

He added, 'We are not just creating a high-rise in Istanbul, we are creating a unique mixed-use complex that will have Class A Office space, a luxury hotel, serviced and residential apartments, and a unique shopping boulevard.'

The Dubai Towers - Istanbul will cover an area on the city's Büyükdere Street in Levent region of ªiºli on the European side of Istanbul. A team of renowned Turkish and international architectural, design and construction companies will be gathered to implement the project in keeping with Dubai International Properties' total commitment to unique architecture and first class quality.

'Dubai International Properties will transfer its know-how and expertise in the development of large scale projects, but will draw extensively on local knowledge and advice to ensure that the city's planning and construction regulations are taken into full consideration. Our designers have come up with a stunning architecture, which literally gives the buildings a 'twist'. We anticipate that the buildings will add another unique characteristic to the already stunning skyline of Istanbul,' Faraidooni explained.

Dubai Towers - Istanbul is the second Dubai International Properties project with such a name. The first such project, Dubai Towers - Doha, was announced in Qatar at an estimated cost of $300 million. Additionally, the company has recently launched luxury resorts in both Oman and Morocco, with more projects in other parts of the world to be announced in the near future.

[Chad]

Hey! Come to Bangkok !

[dubaiflo]

good chance i would say.

[mc]

with all the secured contracts, joint ventures and prolly acqusitions it udn't surprise me to see emaar stock double near future from its already +700% 52 wk performance

[Face81]

what about that £155 Million investment in One Trafalgar Square by Istithmar? Anyone know more about that? Perhaps some pics of the building they bought???


Thanks.

[BinALAin]

Emaar Properties, the world's No 1 real estate developer in terms of market capitalisation, on Thursday (October 27) signed a Memorandum of Understanding (MoU) with the Egyptian Government to start work on a new development in Cairo - an integrated community based in Egypt's new Smart Village.

Located in the Egyptian capital at the beginning of Cairo-Alexandria highway, the development represents a multi million dollar investment in the historic city and will have at its epicentre a world-class convention centre to meet the needs of the growing meetings and conferences market which find Cairo an interesting and historical location.

Emaar Chairman Mohamed Ali Alabbar, Emaar Misr Vice Chairman Mohamed Shafik Gabr, Egypt's Minister of Telecommunications Dr. Tarek Kamel and Smart Village Chairman Dr. Ali Hefnawy signed the MoU in the presence of Egypt's Prime Minister Dr. Ahmed Nazzif.

The 2.4 million sq. ft. of land development features an integrated convention and exhibition centre, hotel, serviced apartments, commercial, office space and shopping village. Located within Egypt's state-of-the-art Smart Village, the development will complement the high tech environment of its surroundings by providing business support through the premier commercial, corporate and leisure offering.

Mohamed Ali Alabbar, said:
'Today's signing marks a significant step forward in this unique project. It is an honour to be part of a centre of excellence such as Egypt's Smart Village. Emaar will bring its own expertise and excellence to the Smart Village by creating premier business environments and superb facilities.'


The Convention Centre development will be designed to increase the corporate and business facilities and services available in the Smart Village by providing an eight storey hotel plus serviced apartments for corporate visitors and a high-tech office tower.

'Smart Village has great potential for future development and is a remarkable location for Emaar to develop high quality real estate projects on an international scale. Egypt is a key development market for Emaar,' added Mohamed Alabbar.

The convention centre is multi functional and can be used for banquets as well as exhibitions and conventions and the main hall can accommodate up to 6,000 delegates in theatre style seating. Other amenities include a ballroom, meeting rooms and grand foyer.

The development also includes a Shopping Village measuring 163,000 sq. ft. of retail space ranging from boutique shops to fine dining that offers a village like atmosphere with low buildings, meandering streets and grand open squares - modelled after souqs of old town Egypt.

Geographically central to all major destinations, Smart Village is located within Greater Cairo and is located 20 minutes from downtown Cairo, 10 km from the pyramids and is also accessible from Cairo International Airport.

This latest announcement signals Emaar's second move into Egypt, following its August announcement of the AED 14.5 billion (US$4 billion) Cairo Heights development in the Egyptian capital. In addition, Emaar's latest projects unveiled last week in the Syrian capital Damascus - Eighth Gate and Damascus Hills - sees the property major rolling out its strategy of undertaking prestigious master planned residential developments across the globe.

With joint ventures and projects across the region covering Saudi Arabia, India and Pakistan, Emaar is taking its winning formula to the rest of the world.

[dubaiflo]

bah i wait for a new project in dubai.
the marina mall for example!

[Krazy]

Emaar enters Syria and Morocco


The $500 million ‘Eighth Gate’ project will be the first master-planned community to be built in Damascus.

Emaar Properties has continued its overseas expansion with plans to develop multi-billion dollar projects in Syria and Morocco.

It comes as Syria attracts increasing interest from retail and residential developers in the region despite mounting pressure from the US on its allies to shun ties with the country.

The first project to be developed by Emaar is the US $500 million Eighth Gate, which will be the city’s first master planned community and will include mixed use residential, commercial and retail units.

Syrian deputy prime minister Dr Abdulla Al Dardari and Emaar chairman Mohamed Ali Alabbar launched the project last week; the Syrian government and Emaar also signed a Memorandum of Understanding to develop a second upcoming project in the capital.

Dr Dardari said: “This marks an exciting new chapter in the history of the world’s oldest city, Damascus. These landmark developments will set the standards for future projects planned for Syria.”

Eighth Gate is a joint venture between Emaar Properties and IGO, the offshore investment and property development company, and sets in motion plans to develop a mixed-use residential, commercial and retail development in the Yafour area, approximately 15 minutes from the centre of Damascus.

Emaar chairman Mohamed Ali Alabbar said: “Damascus is undoubtedly one of the greatest cities in the world and it is a rare privilege to be able to contribute to its evolution. Syria has great potential for future development and is a remarkable location for Emaar to develop high quality real estate projects on an international scale. Syria is a key development market for Emaar.”

The developer is also understood to be behind a multi-billion dollar project called Talal Damascus (Damascus Hills), which will be developed on a 5 million m2 site in the city.

Other developers in the region have also drawn up advanced plans for investing in the country, including Kuwaiti investment group Aref, which plans to develop a new financial district in a suburb of Damascus.

In Morocco, Emaar has teamed up with ONA group to develop a $327 million luxury residential golfing complex called Amelkis II. Work on the 1.25 million m3 site has already started.

This latest announcement signals Emaar’s second move into North Africa, following its $3.9 billion Cairo Heights project in the Egyptian capital in August.

[Face81]

Originally Posted by Face81

what about that £155 Million investment in One Trafalgar Square by Istithmar? Anyone know more about that? Perhaps some pics of the building they bought???


Thanks.

Well thanks for all of your help everyone. :p

I was in the area recently and I think I have figured out which building it is.... It is the South African High Commission building, which is an 8 storey building that is extremely wide based... I wonder what Istithmar will be doing with it? hmmmm.....

[Dubai-Lover]

spoke to a jumeirah official tonight
he said the hotel in the dubai towers istanbul is a jumeirah hotel

he said, they plan to buy a hell lot of hotels worldwide, also in india
it will be stunning

they don't plan any further hotels in dubai though, they now rock the world

they will buy 30 more hotels worldwide in 2 years

[smussuw]

دبي للموانيء تنوي عرض شراء بي أند أو البريطانية

لندن

ذكرت صحيفة صنداي تايمز يوم الاحد ان شركة دبي العالمية للموانيء المملوكة لحكومة دبي تنوي التقدم بعرض لشراء مجموعة ( بي أند أو ) البريطانية للموانيء والمعديات مقابل ثلاثة مليارات جنيه استرليني ( 5.35 مليار دولار ) وذلك في وقت قريب ربما يكون هذا الاسبوع، وقالت الصحيفة نقلا عن مصادر مصرفية في امارة دبي ان شركة دبي العالمية للموانيء استعانت بدويتشه بنك لتقديم النصح لها في عرض الشراء وان اجتماعا تمهيديا مع ( بي اند او ) سيعقد على الارجح خلال أيام.

وامتنعت كل من ( بي اند او ) ودبي العالمية التي تدير موانيء في اسيا واوروبا واستراليا وامريكا الجنوبية عن التعليق على التقرير، وتملك ( بي اند او ) واسمها بالكامل بيننسيولار اند اورينتال ستيم نافيجيشن موانيء في اسيا والامريكتين واوروبا وتعتبر منذ وقت طويل هدفا لمحاولات تملك. وقلصت الشركة الاسبوع الماضي توقعاتها لأرباح أنشطة الموانيء الرئيسية.

وقفز سهم ( بي اند او ) وهي من اكبر شركات ادارة الموانيء في العالم الى أعلى مستوى في أربعة اعوام في مايو ايار وسط تكهنات بأن شركة تيماسيك هولدنجز الاستثمارية المملوكة لحكومة سنغافورة تكون حصة في المجموعة البريطانية، كما اشار محللون الى مجموعة ايه.بي مويلر مايرسك الدنمركية للملاحة كمنافس اخر محتمل على ( بي اند او ) بعد تملكها شركة بي اند او اندلويد الهولندية للملاحة هذا العام، وذكرت صنداي تايمز أن تقدم دبي العالمية للموانيء بعرض لشراء ( بي اند او ) قد يشعل حرب مزايدة عليها.

------------------------------------------


Dubai wants to buy the british (P & O) or (B & O) at a cost of $5 billions.

[Biakko]

Originally Posted by Dubai-Lover

spoke to a jumeirah official tonight
he said the hotel in the dubai towers istanbul is a jumeirah hotel

he said, they plan to buy a hell lot of hotels worldwide, also in india
it will be stunning

they don't plan any further hotels in dubai though, they now rock the world

they will buy 30 more hotels worldwide in 2 years

hummm... dubai wouldn't be the most exclusive if so...

[dubaiflo]

dubai will always be exclusive..

[Face81]

Originally Posted by dubaiflo

dubai will always be exclusive..

heh heh.... u r right.

[Dubai-Lover]

Dubai 'poised to make £3b buyout bid for P&O ports'

Staff Report

Dubai: Dubai Ports World, the world's sixth-largest port operator, is set to make a £3 billion bid this week to take over P&O, Britain's biggest ports and ferries group, the Sunday Times News Service reported from London yesterday.


Dubai Ports World is keen to acquire P&O to strengthen its position in the rapidly consolidating global ports industry. The P&O ferry St Clair (pictured) arrives in Aberdeen, Scotland.


The news service said Dubai Ports World (DPW), owned by the Dubai government, had hired Deutsche Bank to advise it on a bid.

It quoted banking sources in Dubai as saying on the weekend that a preliminary meeting between the two sides was likely to take place within days.

Dubai Ports had contacted banks about financing a bid for the British ports operator. A stock-exchange announcement confirming its interest may be made today, it added.

Both, Dubai Ports and Deutsche Bank, said they had no comment to make.

DPW, formed only a month ago from the combination of the Dubai Ports Authority and Dubai Ports International, has interests spanning 15 terminals across 13 locations.

It is keen to acquire P&O to strengthen its position in the rapidly consolidating global ports industry. P&O owns 27 container terminals and had logistics operations in 18 countries. It also has port operations in Africa and Australia as well as operations in India, the Philippines and Sri Lanka.

The news service said that an approach from DPW was almost certain to set off a bidding war for P&O, with Temasek, the Singaporean state investment firm, and Danish shipping group AP Moeller-Maersk among other likely predators.

Dubai Ports World is expected to try to persuade P&O's management that the long-term investment required for modern port development would be best done by a private rather than a quoted group.

A takeover would mark the end of a long restructuring process at P&O which has included the disposal of its 25 per cent stake in the shipping firm P&O Nedlloyd, its golf-club and exhibition-centre assets, and the sale of its refrigerated logistics arm.

The future of P&O's ferries business has also been the subject of speculation in recent months.

Earlier this year, Dubai Ports International paid $1.142 billion in cash, before working capital and long-term debt adjustments, to buy the international terminal business of CSX.

[Dubai-Lover]

Dubai-led group in race to buy Daimler unit

Staff Report

Dubai: A consortium led by Dubai International Capital (DIC) and Kohlberg Kravis Roberts is the front-runner to buy DaimlerChrysler's diesel engine unit, according to a Dubai Holding official.
DIC is a subsidiary of Dubai Holding.

The consortium is offering close to 1.7 billion euros ($2 billion), the German daily Stuttgarter Zeitung reported.

The deal was scheduled to be finalised in the next few days.

The only other potential buyer for the MTU Friedrichshafen unit still in the running is EQT, the financial subsidiary of the Swedish Wallenberg group, the newspaper said.

But EQT is regarded as having little chance at winning, even though it is being advised by former Mercedes chief Eckhard Cordes, the newspaper added.

Truckmaker MAN dropped out of the running, bounced back with a higher offer and then pulled out of the bidding again.

DaimlerChrysler was not available to comment on the report.

MTU Friedrichshafen specialises in diesel engines for ships and locomotives and last year achieved sales of 1.3 billion euros on a workforce of 6,700.

[dubaiflo]

somehow i like it how dubai gets involved in everything ..

[Face81]

Originally Posted by dubaiflo

somehow i like it how dubai gets involved in everything ..

I think one of the next things they should buy is the Evian water factory, like in the Simpsons and then it should be transported to Dubai on the Worlds largest barge.

ha ha ha

[UAE_CONDOR]

LL