A US $4.3 billion real-estate project in UAE

The United Arab Emirates is to carry out a real estate project in the northern part of the country at an estimated value of US $4.3 million. An official at the real-estate company Amar said the project named "West Side Marina" which will be completed within 14 years includes the establishment of a tourism port, residential buildings, trade centers and hotels and golf courts.

The real estate company will finance this complex which will be built on an area of 220 hectares on the southern coast of Dubai. Other similar building companies are also participating. Dubai owns 10% of the company's actual capital.