17/07/2018 07:28 AST

Fidu Properties, one of the leading Chinese companies in the UAE property market, has announced massive expansion plans in the UAE and region, with over Dhs5 billion worth of investments in the UAE alone over the next three years.

The company, which opened its regional office in Dubai in April this year, also plans to expand its footprint in the region amidst bullish trends expected in the real estate sector.

Fidu aims to operate over 450 branches across GCC and the Asian subcontinent in the next three years. Through this aggressive expansion, the company aims to create around 3,000 jobs in the region and beyond.

The strong expansion plans reinforces Fidu Properties’ commitment to the region, and the strong potential it sees in the real estate growth across UAE, the GCC and beyond.

New plans

The new plans have been unveiled close on the heels of Fidu Properties’ announcement to invest about Dhs2 billion in the Dubai real estate sector before the end of 2018. As part of this, the company plans to introduce different real estate projects in Dubai to its high profile list of investors.

Amit Dahima, Marketing Manager & media spokes person of Fidu Properties, said: “Fidu Properties is bullish about the growth potential of the real estate sector in the UAE.

We feel the growth in the coming years would be phenomenal, particularly in the real estate sector which represents one of the strategic priorities of Foreign Direct Investments into the UAE.”

Dahima added: “The Company is eyeing investments worth Dhs5 billion in UAE alone in the coming three years, with nearly 450 branches across GCC and Asian subcontinent. This shows what kind of growth is on the anvil in the real estate sector.

The UAE government is also fuelling the optimism with a number of investor-friendly decrees and incentives which will definitely boost the flow of investments into the country.”

Fidu also recently announced multiple real estate deals worth Dhs380 million with Emaar Properties for residential and commercial spaces spanning 210,000 square feet at The Grand at Dubai Creek Harbor – the iconic tower being built at the world-class waterfront destination in the Emirate.


The Gulf Today

Ticker Price Volume
SISCO 13.44 432,595
JADCO 23.24 26,909
SAMBA 29.80 1,824,433
EXTRA 54.30 397,415
KEC 10.44 169,610
SECO 18.40 732,542
FARM 18.72 38,399
ICD gains from robust capital position and strong liquidity

16/08/2018

The Islamic Corporation for the Development of the Private Sector (ICD, Aa3 stable) benefits from a robust capital position and strong liquidity, although its weak asset quality remains a challenge,

Saudi Gazette

Governor of Saudi Customs inspects Jadidat Arrar Port to ensure smooth processes

16/08/2018

Governor of the Saudi Customs General Authority Ahmad bin Abdulaziz Al-Hakbani visited Jadidat Arrar Customs Port on Sunday (Aug. 4, 2018) to oversee preparations taking place for welcoming Haj pilgr

Saudi Gazette

UAE tops Arab world in competitiveness

16/08/2018

The UAE, which leads the Arab region in terms of competitiveness, and is home to many tech firms, needs to increase efforts to expand the use of latest digital technologies to further enhance its dom

The National

Four-day Eid holidays for banks in the UAE

16/08/2018

Banks operating in the UAE will observe a four-day holiday on the occasion of Eid Al Adha. The Central Bank of UAE (CBUAE) has notified banks that the holidays will start on Monday, August 20, and th

Gulf News

Qatar promises $15b investment in Turkey: presidency

16/08/2018

Qatar pledged $15 billion (Dh55.09 billion) of investment in Turkey that will be channeled into Turkish financial markets and banks, a government source told Reuters yesterday. The investment package

Gulf News