Sep 04 2009 |
more articles from
|
Al Futtaim to develop Doha project
Friday, Sep 04, 2009
Gulf News
Dubai: Developer Al Futtaim Group is in advanced discussions to develop a project in Doha, according to the company's managing director, Marwan Shehadeh.
While Shehadeh is hopeful that a decision will be finalised this year, he stressed that nothing is certain yet.
"We are looking at something there (Doha), it is one of the projects we are looking at. We are in advanced discussions but it is not a done deal yet. In the next few months, we hope it will be finalised," Shehadeh told Gulf News.
"We have the funds for these projects and they are ready& so there is no issue at all with availability of capital," said Shehadeh.
Many other developers have tightened the purse strings this year and focused on completing and handing over their current portfolios rather than embarking on new investments. And many developers and contractors are looking to emerging markets such as Saudi Arabia and are flocking to North Africa, especially Egypt and Libya.
Shehadeh said it is because of Al Futtaim 's focus on retail that the company still has the means to invest and expand.
By Suzanne Fenton, Staff Reporter
© Gulf News 2009. All rights reserved.
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment