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Khalifa views model of investment project in Algeria

posted on 18/07/2007: 584 views



Algiers - President HH Sheikh Khalifa bin Zayed Al Nahyan and President Abdelaziz Bouteflika viewed here on Tuesday a model of an urban complex to be established at the heart of the Algerian capital. The model, presented by the Abu Dhabi-based Emirates International Investment Company, featured an urban complex comprising 15,000 residential units including a round-shaped tower and 18 other medium-sized towers in addition to office and business facilities, five-star hotels, malls, community centres, health and educational institutions and recreational facilities. The US$3 billion project will be built on a total land area of 660,000 hectares. The two leaders praised the project as another step toward consolidating ties between the two friendly countries. (Emirates News Agency, WAM)

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