The government-owned property developer’s employees are allegedly latest in list of executives investigated for bribery.
August 26, 2008 5:42 by kippreport
In 2006, Sama Dubai joined hands with the Emirates Bank Group, to establish a joint venture to provide funds for the real estate sector. Around $6bn was allocated for the fund, and it will be developed over a decade.
Last year, the developer announced the formation of a joint venture with EC Harris, a London-based consultancy working in the real estate, infrastructure and construction sectors. The venture is currently managing the Salam Yiti project in Oman.
Sama Dubai also announced the formation of “SmartCity,” a joint venture company with Tecom Investment, last year to develop and manage knowledge industry townships worldwide.