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Sovereign Wealth Funds Briefing - Categorized | Investment

Dubai World invests in Qingdao

Posted on 24 October 2008

From China.org.cn: Limitless, a business unit of Dubai World, and its subsidiary in Hong Kong, has won the bid for the development of Xiaomai Island in Qingdao at a price of 4.368 billion yuan.

The Xiaomai Island is located on the east of Yinhai International Yacht Club, which was the training base for 2008 Olympic Sailing events. The project covers a planned construction area of 420,000 square meters and consists of a seven-star standard hotel, and leisure tourism, conference, and exhibition facilities….. Full Article: Source


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