Industry & Economy
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Infrastructure
Dubai Holdings to invest in AP infrastructure projects
Our Bureau
Hyderabad
,
July 11
DUBAI Holdings, a Dubai-based infrastructure and hospitality company, has agreed to invest in infrastructure projects in Andhra Pradesh.
Mr Mohammed Al Gergawi, Chief Executive Officer, has said the company would also help the State in its plan to create an `Infrastructure Fund'.
Mr Gergawi held discussions with Dr Y.S. Rajasekhara Reddy, Andhra Pradesh Chief Minister, in Dubai on Monday.
Dubai Holdings is into health, communications, real estate, tourism and energy sectors.
Mr Gergawi said his group would have detailed discussions with the Andhra Pradesh Government to explore investment opportunities in the State. Later, the delegation headed by the Chief Minister visited Dubai Internet City, Dubai Media City and Knowledge Village. The delegation also held discussions with Mr Mohammed Al Abbar, Director-General of Dubai Economic Development (DED) and Chairman of EMAAR, to look into the structure of the cooperation, financing the project and various other marketing aspects.
A DED team visited Hyderabad to study the proposed `Knowledge Corridor' and offer necessary suggestions, a Government release said.
Earlier, Dr Rajasekhara Reddy invited the Crown Prince of Dubai, who is also the Defence Minister of UAE, Mr Sheikh Mohammed Bin Rashid Al Maktoum, to visit Hyderabad.
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