SWF Radar Emaar

ArabianBusiness.com reports that, “The British building industry could be bought for the price of a single Middle Eastern mega project, analysis of the value of the country’s largest companies reveals.”

Thomson Reuters reports that, “Dubai-based Emaar Properties, the largest Arab property firm by market value, is looking into more than $100 billion in international projects, a company official told Gulf newspaper Khaleej Times on Thursday.”

The Economic Times reports that, “Several Dubai-based companies, who have invested billions of dollars in many real estate and infrastructure projects in India, are keen to boost it further in one of the fastest growing economies in the world. The Dubai companies - Emaaar, Limitless and DP World have large operations and projects in India, but are keen to enter the infrastructure projects like the airports sector.”

Reuters reports that, “Dubai-based developer Emaar Properties signed a memorandum of understanding on Wednesday to cooperate with a Chinese firm on real estate, healthcare and education opportunities in Chinese cities.”

Reuters reports that, “Emaar Properties, the largest Arab developer by market value, is seeking opportunities in the United States and Europe where property prices have become ‘attractive’, a newspaper said, citing the chairman.”

AME Info reports that, “Emaar Turkey, the country-subsidiary of Emaar Properties PJSC, has signed an agreement to purchase 73,571 sq m of prime land in Istanbul, to develop a mixed-use project, details of which are currently being finalised.”

Reuters reports that, “Dubai-based Emaar Properties has offered to increase its investments in Algeria to $30 billion, al-Bayan reported on Tuesday, citing the minister of industry and investment promotion.”

News Post India reorts that, “Even as this west Asian metropolis awaits the completion of the Burj Dubai, the world’s tallest building, towards the end of this year, work on its rival, also in Dubai, has started. French firm Solantache Bachy has started work on the building, tentatively named Al Burj or ‘Tall Tower’, being developed by the Dubai government-owned real estate giant Nakheel, according to local media reports. When completed, the Al Burj will be over a kilometre tall and will easily beat Emaar Properties’ Burj Dubai, which is unofficially the tallest manmade structure in the world as of now.”

Bloomberg reports that, “Emaar MGF Land Ltd., controlled by the Middle East’s biggest real estate developer by market value, is seeking 70.8 billion rupees ($1.8 billion) in an initial public offering in India to buy land and develop projects.”

gamesindustry.biz reports that, “Sega and Dubai properties firm Emaar plan to open a number of indoor theme parks across the Middle East and North Africa.”