Abu Dhabi - Mubasher: Eshraq properties expects to turn to profitability in 2017, said Chairman Jassem Al Siddiqi.
The company currently has two projects under construction with investments worth AED 750 million, added Chairman on the sideline of press conference.
One of the projects is located at Abu Dhabi’s Al Reem Island, while the other located at Dubai and named Jumeirah Village.
The company’s investments portfolio amount to AED 2 billion, where it comprises number of projects that are expected to finished within the upcoming three to six years, added Chairman.
Elaborated, the company’s chairman told Mubasher that they eyes any potential acquisition opportunities as well.
The company enjoys money in cash of nearly AED 400 million to AED 500 million
