Middle East Economic Survey

VOL. XLVII

No 49

6-December-2004

CAPITAL MARKETS

Emaar And Al Oula Set Up Real Estate Company

Dubais Emaar Properties and Saudi Arabias Al Oula announced on 30 November the signing of a joint venture agreement to set up Emaar Middle East, a real estate company focusing on developments in the GCC. The two companies will hold equal shares in the joint venture, but their shares in different projects may be different. The new companys future projects include building 12...