Goldcrest aims to invest $ 11b more in next five years
8 Jun 2008

UAE based Goldcrest Properties, a member of Giga Group, is poised to make an additional $ 11 billion investment in property projects across the UAE and overseas even as its total projects portfolio now stands at $ 2 billion. In the next six months, in partnership with a Malaysian firm, Goldcrest will be making a $ 200 million investment to develop a property near the world famous Petronas Towers.

Apart from its ongoing projects within the UAE, specifically in Dubai and Ajman, The Giga Group already have properties in Pakistan. In the very near future, after Malaysia, Amir Giga, director of Giga Group and managing director of Goldcrest Properties, told The Business Weekly that Turkey is the next target.

“At the moment, our project developments stand at $2 billion,” Giga said. “In the next five years, we are looking at $ 11 billion, and it will be a mix of luxury and middle-income properties.”

“These projects will be within the UAE. We are already in Pakistan and we are moving to Kuala Lumpur in Malaysia on six months, as we have already bought land there and we are going to develop it. It is very near the Petronas Towers,” Giga added.