Abu Dhabi firm, CapitaLand in deal

Posted on | April 22, 2008

By REUTERS

ABU DHABI: Abu Dubai’s Mubadala Development Co and Capitaland, southeast Asia’s largest real estate developer, said yesterday they had set up a US$300 million (US$1=RM3.14) joint venture to develop property projects. The new venture, which will focus on developing projects in the United Arab Emirates capital, Abu Dhabi, will begin with a 4 billion dirham (100 dirham = RM87.84) mixed-use project in Abu Dhabi, Mubadala Chief Financial Officer Carlos Obeid said.

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