UAE-based developer Arada has awarded AED1.48 billion ($394 million) contracts for the construction of Sequoia and Saro, the final two phases of its mega woodland project Masaar in Sharjah, featuring 1,025 residential units along with other amenities.
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Influence of Egyptian businessman, Ibrahim Al-Argany, is vastly growing with the support of sovereign agencies. His operations are surrounded by ambiguity about his network of relationships, his sources of funding.