United plans US $5.4bn investment in the region

zoom

Big plans: United Holdings will invest US$ 5.4 billion in the region, including projects in Umm Suqueim, Downtown Burj Dubai and Palm Jumeirah.

United Holdings, a private multi-disciplinary holding investment firm that was launched last week, has revealed plans to invest US $5.4 billion (AED19.8 billion) in real estate projects in Dubai and Abu Dhabi, and possibly overseas.

"United Holdings is dedicated to delivering premium investment opportunities for its shareholders," said Mohammed Ali Al-Hashimi, chairman of United Holdings.

"Following extensive research and planning, we are very proud to officially launch United Holdings and we are well positioned to address investment opportunities across a wide range of economic sectors."

The company has plans to invest in a number of real estate projects in Dubai, in locations that will include Sheikh Zayed road, Umm Suqueim, Palm Jumeirah, Downtown Burj Dubai, Palm Jebel Ali, Palm Deira, Dubai Waterfront and The World.

It also plans to diversify its investment portfolio by investing in a range of assets across economic sectors, including hospitality, financial services, manufacturing and private equity.

"Currently, we have allotted a significant amount of our initial investment capital for real estate-related opportunities in the UAE, while the remaining capital will be distributed for investments in emerging real estate markets and a diversified array of sectors outside of real estate," said Abbas Kiani, CEO of United Holdings.

Kiani added that, over the coming years, the company aims to become a widely-respected and globally recognised investment organisation that delivers the highest standards of quality and value.

Print | Email | Discuss this article

| Share |

READERS' COMMENTS

Click here to post a comment

Add your Comment All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic. Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *	(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Enter the words above *
Please click post only once - your comment will not be published immediately.

MORE FROM ARABIANBUSINESS.COM