The Dubai Fund for Financial Support has announced that it has reached a deal with the Dubai Real Estate Corporation (DREC) to develop plots of land for retail, hotels and residential units ahead of Expo 2020.
Under the agreement, the first project will be set up along Sheikh Zayed Road and will include the construction of a mall and residential complexes.
DREC will also develop a number of hotel projects, residential units and hotel apartments, read a statement, adding that the two parties have agreed on a long-term strategic partnership to develop land owned by the fund.
Hisham Abdullah Al Qasim, CEO of DREC, says that through this partnership “giant projects” will be added to Dubai.
Abdul Rahman Al Saleh, chairman of the Dubai Fund for Financial Support, says the cooperation deal aims to support the vision of Dubai ruler His Highness Sheikh Mohammed bin Rashid Al Maktoum to make the emirate the world’s first destination for real estate and tourism.
Sustainable coffee movement continues to gain momentum
With coffee being a preferred beverage, the GCC coffee industry has seen
October 30, 2023 | By RetailME Bureau
Five trends to dominate the UAE coffee landscape
The branded coffee shop market segment in the Middle East is set
October 13, 2023 | By Rupkatha BCinema Akil’s seasonal outdoor outpost pops up at 25hours Hotel Dubai One Central
Dubai’s preloved clothing brand pledges 100% profits to emergency aid relief in Palestine
/ 
Carrefour, operated by Majid Al Futtaim in the UAE, has set up
GMG’s Everyday Goods – Retail division is now expanding into the country’s
Following a partnership deal between food and grocery retailer Spinneys Dubai and
A regional food and beverage (F&B) major Agthia Group PJSC has signed
Amid constraints of current inflationary pressures leading to significant price hikes averaging
Global heavyweights from around the world are confirming their participation at InFlavour,
Coffee Planet has unveiled a new brand identity to reinforce its position
Dubai-based consumer cooperative brand Union Coop has signed a memorandum of understanding
/ 
Cenomi Centers, one of the largest developers of shopping malls and complexes
Dubai Mall recently celebrated the grand unveiling of Chinatown, seamlessly integrating cultural
Curating and giving homegrown businesses a platform for growth has always been
1930s ushered in the era of neighbourhood shopping malls or community shopping
During the first half of the year, period ending June 30, 2023,
Recently Prince Turki bin Talal Al Saud, Prince of the Asir region
The rapid pace of retail development in Saudi Arabia has created opportunities
From coffee chain to premium fragrances and jewellery, several brands including Costa
Situated on the northern western tip of Saudi Arabia’s Jeddah the Red
Abu Dhabi based Dalma Mall won 8 prestigious awards for retail and
The Dubai Shopping Malls Group (DSMG) has announced the return of its
Previous Article
