Chinese Developer Inks $2B Project Deal With Abu Dhabi Fund

Law360, New York (May 9, 2012, 5:32 PM EDT) -- China State Construction Engineering Corp. has entered into an agreement with Abu Dhabi sovereign wealth fund Aabar Investments PJS and the Industrial and Commercial Bank of China Ltd. to construct the first phase of a $2 billion real estate project in Abu Dhabi, the CSCE said Tuesday.

The agreement includes participation in the first phase of a plan to develop 30 hotels, office buildings and apartments in Abu Dhabi, the second-largest city in the United Arab Emirates and the richest in the world.

CSCE will act...
To view the full article, register now.