March 20, 2018 / 11:30 AM / a month ago

Emaar, Aldar to launch $8.2 bln in projects -Dubai ruler

DUBAI/ABU DHABI, March 20 (Reuters) - United Arab Emirates property developers Emaar and Aldar are partnering to launch local and international projects worth 30 billion dirhams ($8.17 billion), Dubai’s ruler said on Tuesday.

Sheikh Mohammed bin Rashid al-Maktoum, who is also Prime Minister and Vice-President of the UAE, made the announcement on Twitter.($1 = 3.6726 UAE dirham) (Reporting by Alexander Cornwell and Stanley Carvalho; Editing by Saeed Azhar)

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