RP Group announces Dhs.4b hotels and real estate projects
Posted on 16th February 2014
RP Group of Companies announced its ambitious growth plans and said it would invest Dhs.4 billion in new hotels and mixed-use developments in the UAE this year. The development projects are understood to generate more than 7,500 new jobs in Dubai.
Dr. Ravi Pillai, founder and chairman of RP Group of Companies said the new investments also mark the expansion of the company to real estate development in the UAE. By 2017, the company expects to develop over 4.5 million square feet of real estate in Dubai.
Dr. Pillai said this year’s new development pipeline includes four new projects in the UAE, including a three million square feet integrated mega mixed use project in on Sheikh Zayed road in Dubai, which will feature a five-star hotel, serviced apartments, elegant residences and a dedicated retail precinct. Other new projects include a five-star luxury hotel in Dubai Marina to be operated by Crowne Plaza; a high-end four-star hotel in Bur Dubai operated by India’s ITC Group; and a dedicated serviced apartment complex near Downtown Dubai.
RP Group is also immediately opening two full-fledged offices in Kuwait and Oman, where the company is currently finalising contracts in the oil & gas sector, as well as hotel projects in Jubail and Dammam in Saudi Arabia, the details of which will be announced in due course, added Dr. Pillai.Back to all Construction News
Share this story: