Global Real Estate Development (GREDC), a fully owned subsidiary of Dubai Islamic Bank (DIB), has awarded the United Arab Emirate (UAE)'s Al-Habtoor Engineering Enterprises an estimated 150 million Emirati dirham ($41 million) contract to build, complete and service the residential high-rise Al-Seef Tower.
Having completed the infrastructure and preparatory works, Al-Habtoor has already started actual construction of the tower, which is located in Dubai Marina, the Emaar Property development project.
GREDC provides various products and services, such as Murabaha Financing for buying and selling buildings, technical marketing and engineering consultancy, in addition to integrated services, which include property assessment and mediation and maintenance. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
