Sunday 20 April 2014
Al Maabar

Abu Dhabi developer halts $300m Libya project

Developer Al Maabar, part owned by Abu Dhabi state investment vehicle Mubadala and Aldar Properties, has put its $300 million project in Libya on hold due to unrest there. Al Maabar planned to float a construction tender in April for its A


Al Maabar plans $300m Jordan hotel project

Abu Dhabi's Al Maabar will invest $300 million in a luxury hotel in Jordan and move ahead with its planned projects in the Mena region, its managing director said on Sunday. The 270-room hotel in Amman to be branded St. Regis from the


$1.8bn raised for Morocco tourism push

Three Gulf sovereign wealth funds and UAE-based property developer Al Maabar have raised Dh15 billion ($1.77 billion) for a tourism fund that aims to put Morocco among the world's top 20 destinations. Omar Bennani, head of state-contro


Abu Dhabi firms plan $10bn Jordan project

An Abu Dhabi property joint venture company including Aldar Properties and Sorouh Real Estate said on Thursday it would build a $10 billion development in Jordan. Al Maabar International Investments -- which also includes Reem Investments,


Al Maabar unveils $9.9bn Baghdad project

Al Maabar said it has launched a $9.9 billion mixed-use development in Baghdad comprising clusters of residential units, a commercial district, a golf course a technology center and a hospitality district. Al Maabar, is a joint venture bet


Al Maabar to borrow for $2bn Abu Dhabi Plaza

Al Maabar, a joint venture of UAE developers, plans to invest $2 billion in a commercial and residential project in Kazakhstan and fund it through borrowing, a venture partner said. 'The cost of the Abu Dhabi Plaza in Astana, Kazakhstan is


Aldar, Al Maabar launch project in Kazakhstan

Abu Dhabi's Aldar Properties and Al Maabar have launched a new project in Astana, the capital city of Kazakhstan. This international move by the property development firms will feature an integrated community development created for the ra

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