UAE - Mubasher: Samana Group of Companies plans to expand its investment plan by tapping into a massive AED 122.6 billion Expo 2020 opportunity.
The Dubai-based company noted that 500 residential units of Samana Developers will have a share of accommodation needs for international tourists coming to the UAE mega event.
Additionally, 300 serviced offices at Samana’s Star Business Centres will offer modernised working spaces to new MNCs and SMEs visiting Dubai. The group’s efforts are expected to elevate Dubai as the tourists’ Middle East hub, according to a recent press release.
Issued in April 2019, Ernst & Young’s (EY) report ‘The Economic Impact of Expo 2020 Dubai’ expects that the Expo will enhance the UAE economy with a sizeable yield of AED 122.6 billion investments, thus, creating a number of 905,200 full-time jobs, while contributing 1.5% to the UAE GDP in six months.
The CEO of Samana Group of Companies Imran Farooq remarked, “Our foray into Dubai’s real estate market with the launch of Samana Greens and Samana Hills, has received overwhelming response from investors. To capitalise on the Expo opportunity, we will soon launch new projects that will be built to meet the accommodation needs of tourist influx.”
Samana Group’s general manager Alan James said, “Samana Group’s growing cultural and religious diversity across its functions and entities reflects UAE’s policy of tolerance, which resulted in employee happiness and retention.”
