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Indian group to invest Dhs4bn in UAE projects

: Tuesday, February 11 - 2014 @ 10:10

India-based RP Group has announced plans, including Dhs4bn ($1bn) investment in new hotel and mixed-use projects in the UAE, Gulf Daily News has reported. The company’s new development pipeline for this year includes four new projects in the UAE including a 3m sq ft integrated mega-project in Dubai, which will feature a five-star hotel, serviced apartments, elegant residences and a dedicated retail precinct. The group is also opening two full-fledged offices in Kuwait and Oman, where the company is currently finalising contracts in the oil and gas sector, as well as two hotel projects in Saudi Arabia, the details of which will be announced in due course.

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Tuesday, February 11- 2014 @ 10:10 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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