Damac To Ink Dhs2bn DealsWednesday, March 18, 2009
Damac Properties said it plans to sign contracts worth Dhs2bn ($545m) this year for the construction of 10 new towers despite the economi downturn. Hussain Sajwani, chairman of Damac Holding, the parent company of Damac Properties, told Gulf News that the current low construction costs and overheads provide opportunities for developers. Source: AME Info
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