Dubai: 'Nakheel', a subsidiary of 'Dubai Holding Real Estate', has signed a AED 400 million contract with 'Shapoorji Pallonji Middle East' to build 38 luxury villas as part of the 'Palm Crown' project at 'Palm Jumeirah'. In an interview with CNBC, CEO of Dubai Holding Real Estate Khalid Al Malik stated: 'The Crown Garden villas represent a new addition to the evolution of Palm Jumeirah, which continues to cement Dubai's global standing as a premier waterfront luxury living destination'. Meanwhile, Pacho Sagar, CEO of Shapoorji Pallonji Middle East, commented: 'We are proud to be expanding our footprint in the UAE. These residences reflect our commitment to creating exceptional destinations that combine architectural excellence with a contemporary lifestyle like no other'. The UAE and its neighbors have amassed a huge reservoir of global talent inflow, creating a magnet for investment managers and AI innovators alike. The UAE and Saudi Arabia are investing billions in technology. The region is quickly emerging as a global hub for artificial intelligence. American billionaire and Bridgewater founder Ray Dalio described the UAE as 'an oasis in a crazy world', praising its leadership, stability, quality of life, and ambition to build a globally competitive financial system. These initiatives and investments have been launched.
