• Last Update 2024-07-21 12:05:00

UAE company to get CEB land for hotel project

News

The Cabinet has granted approval to lease out CEB lands to the United Arab Emirates Capital Investment LLC for a hotel project.

Based on  a project proposal by the UAE Capital Investment LLC, to acquire a land owned by the CEB located adjacent to the Maussakale Reservoir and a small island located near by approval was granted.

The lands are to be given as a long-term lease period to build a hotel complex by using 25 million USD. 

This is a method to receive to direct foreign investment to the country, a note to the cabinet said.

You can share this post!

Comments
  • Still No Comments Posted.

Leave Comments