The Dh24bn mixed-use development in the emirate will house 70,000 people upon completion
The Dh24 billion (US$6.5bn) Aljada development unveiled yesterday by Dr Sheikh Sultan bin Mohammed Al Qasimi, Ruler of Sharjah is over 2.2 square kilometers. The project will be funded through a combination of debt and equity, with Arada’s founding partners – Basma Group and KBW Investments, a firm controlled by Saudi Arabia’s Prince Khaled bin Alwaleed bin Talal – putting up Dh5bn in funds for the development, Arada chairman Sheikh Sultan bin Ahmed Al Qasimi told The Nationalon the sidelines of the launch event.
Read the full article here
