Al-Ittihad newspaper reported that Ajman government plans to create a company, which will invest in real estate projects. The paper quoted Director of the team to set up the company, Sheikh Rashid bin Hamid a-Nu’aymi, who said that the government had decided on an international company that will carry out economic feasibility studies on the matter. Equity for the new company will hit Dh1 billion and it will specialize in encouraging and developing real estate projects.
