Damac Holdings to invest US$2.7 billion in China
(China Daily)
Updated: 2006-06-26 10:51 Damac Holdings recently
announced that it plans to invest US$2.7 billion to establish a presence in
China.
The Dubai-based company plans to build towers, offices, a hotel
and a marina on a plot overlooking Tianjin Port, near the city's Tanggu
district. It will be the first of several projects Damac Holdings is planning in
China. Its business covers manufacturing, securities brokerages, catering and
education.
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