Monday, Mar 12, 2007

BEIRUT (Zawya Dow Jones)--Abdullah Kamel, chief executive of Saudi's Dallah Albaraka Group, has announced the launch of Durrat Al Riyadh, a large real estate project in Riyadh with an investment of around 3 billion Saudi riyals ($800 million), the London-based daily Asharq Al Awsat reported Monday.

The new project will include residential and commercial facilities, the newspaper said.

Newspaper website: www.asharqalawsat.com

-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com

Copyright (c) 2007 ABQ Zawya Ltd.

(END) Dow Jones Newswires

12-03-07 0438GMT