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April 18, 2010

Infrastructure projects to prop up real estate developers


Real estate developers will perform better in 2010 and 2011 as they will mostly benefit from a surge in government spending on infrastructure projects within its counter-crisis stimulus plan, Sorouh Real Estate said.

The company, Abu Dhabi's second largest property developer by market value, said it would concentrate this year on completing its past investments and would deliver nearly 1,100 apartments to its customers through the year.

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Posted by mopeng at April 18, 2010 11:53 PM