Emaar plans real estate firm in Palestine

Emaar Palestine’s priority is to plan and construct well-designed communities with all amenities

  • E-Mail
By  Eudore Chand Published  February 26, 2005

Emaar Properties, the Dubai-based real estate developer, has announced that it will soon form a real estate development subsidiary that will promote projects in Palestine. The new company will be registered with the Palestine Authority as ‘Emaar Palestine’ and is being formed under the directives of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Defence Minister, said Mohammed Alabbar, the chairman of Emaar. Emaar’s announcement came after discussions in the Palestinian city of Ramallah between Palestinian Authority President Mahmoud Abbas and Prime Minister Ahmed Qorei and Alabbar, over plans to build infrastructure as well as mixed-use residential and commercial developments in Palestine. Prime Minister Qorei said that meetings held with Alabbar were under the initiation of the UAE Government, which is keen to invest in development projects in Palestine to provide a boost to the economy of the Palestinian Authority and help the Palestinian people overcome their difficulties. The new company has identified areas for development and will work alongside the UAE Red Crescent Society to build hospitals and primary health care centres as well as educational institutions. “Emaar Palestine’s priority is to plan and construct well-designed communities with all amenities, providing quality homes with comprehensive community services, while using local materials and expertise,” said Alabbar. “His Highness Sheikh Mohammed bin Rashid is clear that Dubai and the UAE should lead the way in providing support to the people of Palestine. As a collective force, Arab companies and the people have to show that it is possible to move ahead on the economic and infrastructure front, despite the long standing Palestine-Israeli conflict,” Alabbar said. In addition to its Dubai projects, Emaar has begun to spread its wings overseas and now has joint ventures and projects in Saudi Arabia, Egypt, Jordan, Libya, Morocco and India.

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code