CAIRO: Saudi Arabia's Al-Shoala Group and Dubai-based Emaar Properties are teaming up on a US$7.2 bn community project near the Saudi capital of Riyadh.

Emaar says the Rawabi Rumah project will have luxury homes, apartments, commercial and retail space, hospitals and community centers. The community project will also include a 400-acre (162-hectare) park.

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Posted by boyang at October 5, 2008 3:06 AM