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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Mubadala, Farglory break ground on $1bln plaza

Posted on 28 June 2013

Mubadala Real Estate & Infrastructure (MREI), a business unit of Mubadala Development Company, and TOP Taiwanese property developer Farglory Group have broken ground on the $1 billion Maryah Plaza, a four-tower luxury waterfront complex in Abu Dhabi.
Located on Al Maryah Island, the four towers of the plaza will be developed in phases and, when complete in 2020, will have a combined GFA (gross floor area) of 153,000 sq m. This marks the first development which has commenced on the Island by a foreign direct investor………………………………………..Full Article: Source


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