Print this page
Email this to a friend
Discuss this article (0 Comments)
Mobile
-
Senior Development Executive (Developer)
Industry: Property
Location: Dubai, UAE -
Senior Director, Development and Projects
Industry: Property
Location: Pakistan
RAK Ceramics to set up $1.4mn real estate firm
by Reuters on Monday, 20 August 2007
Ras Al-Khaimah Ceramics plans to set up a real estate firm with the Ras Al-Khaimah Investment Authority that will buy and sell properties and develop land for leasing.
The partners will each contribute half of the firm's 5 million dirham ($1.36 million) paid-up capital, RAK Ceramics said in a statement on the Abu Dhabi bourse website on Sunday.
The firm will buy and develop land, and will lease properties, including warehouses, on a long-term and short-term basis, RAK Ceramics said.
It will also buy and sell properties, RAK Ceramics added.
TOP IN MIDDLE EAST REAL ESTATE
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST REAL ESTATE
LATEST MIDDLE EAST BUSINESS NEWS
USER COMMENTS (0 COMMENTS)
CLICK HERE TO POST A COMMENT
RELATED STORIES
RAK Ceramics
| 8 stories- The search for quality: RAK
14 Mar '08 | Interviews - Waterjet launches new technology at this year’s Big 5
26 Nov '07 | News - RAK wants to tap into a new high-class area
22 Nov '07 | News
