- Last Update 2025-04-29 20:48:00
UAE company to get CEB land for hotel project
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.
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