Khansaheb to build IMF meeting venue

Khansaheb Civil Engineering to build the venue for the 2003 meeting of the Boards of Governors of the World Bank Group and International Monetary Fund.

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By  David Ingham Published  September 11, 2001

Khansaheb Civil Engineering has landed the deal to build the facilities for the 2003 meeting of the Boards of Governors of the World Bank Group and International Monetary Fund (IMF.) The deal is reported to be worth over AED 240 million.

The event is one of the world’s largest socio-economic gatherings and Dubai has been selected as the venue for the 2003 annual meeting. A convention centre will be built with a capacity of 6000 people and containing 25 meeting rooms. The floor area of the convention centre will be 8100 square metres.

“This event will be a major opportunity for the UAE to cement its reputation as the regional hub for financial, technological and investment opportunities and excellence,” said HE Dr Mohammed Khalfan Bin Khirbash, Minister of State for Finance and deputy chairman of the Dubai 2003 steering committee, which awarded the contract.

The World Bank and IMF were established after World War II to try to aid in the development of poorer countries. They aim to do this through a combination of advice and financial aid.

At times, however, the IMF has received more criticism than praise for the conditions it imposes on donor countries. Recent meetings have been marred by violent protests against capitalism.

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