Mubadala And Maf To Develop Mixed-Use Project In Abu DhabiMonday, August 04, 2008
The Mubadala Development Company (Mubadala) and Majid Al Futtaim (MAF) Group yesterday said they have signed a joint venture agreement to invest in a mixed-use development, which will include a shopping mall with quality retail outlets, including Carrefour, leisure concepts, hotels, and office space. This new mixed-used project will be developed as one of the key elements of the wider Arzanah project, the high-profile residential development taking shape at the Grand Mosque District of Abu Dhabi," a statement said. Arzanah was recently launched by Capitala, the Abu Dhabi-based real estate developer and master planner, formed through a joint venture between Mubadala and the Singapore-based CapitaLand. Source: Gulf News
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