RAK Properties to start phase 3 in Mina Al Arab project 2013-mid

RAK Properties, one of Ras Al Khaimah's largest property developers listed on Abu Dhabi Stock Exchange is expected to start phase 3 of the Mina Al Arab project, in the second half of 2013, a senior official told Zawya.

"We completed phase 2 of the project last year, and expect to start on phase 3 by the second half of this year, the total value of the third phase will amount to USD 2.7 billion" said Joshy Dabis, the design manger at RAK Properties.

"Phase 3 will include two sub phases, the first sub-phase will include the construction of 3 five-star hotels, while the second sub-phase will be the construction of five hotels," He said.

Read more: http://www.zawya.com/story/RAK_Properties_to_start_phase_3_in_Mina_Al_Arab_project_2013mid-ZAWYA20130211041319/