| From Anbinvest.com: Mohammad Binbrek, Group CEO of Dubai Properties Group announced that the company has inked a deal Bawadi which is a member of Tatweer Dubai. Binbrek added that the agreement is to construct a $5.5 billion tourism project over a 30 million square foot area at Bawadi.
The partnership will oversee the construction of 3, 4 and 5-star hotels offering more than 5,000 hotel rooms, a four million square feet GLA shopping area comprising an integrated desert resort, and a water and sports specialised entertainment park..... Full Article: Source
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