Publication Date:
Sat, 2005-08-27 03:00
DUBAI, 27 August 2005 — A real estate group based in the United Arab Emirates will invest some $530 million in a series of projects in Syria, including a 50-story Damascus World Trade Center, a newspaper reported yesterday. The Syrian government on Wednesday gave the go-ahead for the trade center, which will be built at a cost of $120 million by Tiger Real Estate, part of the Tiger Group based in the emirate of Sharjah, the Gulf News said. The English-language daily quoted Tiger Group deputy General Manager Saleh Shereen as saying the company had received government approval for the first of five projects.

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