Regional stock market indices Regional currency rates $1.9B for Cleveland Clinic in Abu Dhabi The Cleveland Clinic project on Abu Dhabi’s Sowwah island has been granted to a joint venture between the local Arabtec Construction and Greece’s Aktor. The design and construction contract has been estimated at AED7 billion ($1.9 billion). The new project will include a 360-bed hospital and a 324-room clinic. The total area of the project will be 417,000 square meters and will include parking space for more than 3,000 cars. The clinic is scheduled to open in 2011. Local developer Aldar Properties is managing the construction on behalf of the government-controlled Mubadala Development Company and the consultant is UK’s Driver Consult. Emaar awarded $100M Cairo project Emaar’s Egyptian subsidiary, Emaar Misr has won a contract to develop and project manage a 2.2 million square meter social housing project on the Cairo-Suez road. With homes of 70
