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Sunday, 21 July 2019

Dubai's Emaar records $699 million in profit

AP, Monday 17 Feb 2014
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The developer of the world's tallest building and one of the world's largest malls reported Monday that revenues for 2013 totaled $2.8 billion, a 25 percent increase from 2012.
 
Shopping malls, retail centers and Emaar's 12 hotels and resorts contributed to nearly half of last year's revenues of more than $1.3 billion. Emaar says more than 75 million people visited
Dubai Mall last year.
 
The company credited Dubai's overall "robust economic growth" and increased investor confidence as contributing factors in last year's profits.
 
A statement by Emaar Chairman Mohamed Alabbar says he expects even more growth following Dubai's successive bid to host the world fair in 2020.
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