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Milestones 2006: International Markets

March

  • Emaar investment in Morocco reaches AED 25.3 billion for six world class real estate developments.
  • Emaar launches US$700 million Lakeside project in Turkey.

April

  • Emaar breaks ground on 330 hectare, AED 12.5 bn (US$3.4 bn) waterfront community in Moroccan capital.
  • Emaar announces plans for AED 6.7 billion Marina Al Qussor development in Tunisia.

May

  • Emaar unveils three real estate projects in Pakistan with total investment of AED 8.8 billion.
  • Emaar Misr signs MoU with Egypt’s Bibliotheca Alexandrina for waterfront redevelopment project.
  • Emaar Middle East unveils SR 42 bn (US$11.2 bn) Jeddah Hills community in Saudi Arabia.

June

  • Emaar breaks ground on SYP 26 billion (US$500 million) Eighth Gate in Syria.
  • Emaar and John Laing Homes agree to come together creating a world leading real estate developer.

July

  • Emaar and Turner Form New Entity.
  • Emaar strides into China.

August

  • Emaar rolls out Canyon Views, Pakistan’s first master-planned community.
  • Record 10 million Saudis subscribe to SR2.55 billion Emaar the Economic City IPO.
  • Emaar Properties acquires UK realtor Hamptons International for AED 563 million.

September

  • Emaar strengthens Egypt roster with diverse projects.

October

  • Emaar Property Services joins hands with Hamptons International to scale up property services globally.
  • Emaar.E.C expands size of King Abdullah Economic City project four-fold to 168 million sq m.

November

  • Emaar signs MoU to develop Libyan special zone.
  • Emaar expands into Jordan with US $500 million Dead Sea development.



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