Emaar Industry and Investment (EII), a member of Emaar Properties, is looking to expand its portfolio in North Africa and South Asia in building materials, technology and medicine.
"We will capitalize on the impressive economic growth registered in Egypt, a number of North African countries, as well as in India and Pakistan," said Ahmad Hayat, chief executive officer of Emaar Industry and Investment.
Currently focused on the GCC, the company expects to enter markets in Jordan, Qatar and Syria as well.
He said company Dubai property investments were Dh350 million last year, and the team in total consolidated assets valued at Dh1.2 billion.
In its efforts to diversify, the company intends to build a Dubai property portfolio of Dh3 to 5 billion in the next three years, said Hayat. EII has 12 branches in its portfolio with the latest additions Damas partnership and Mammut Building Systems, in which it has a 12 per cent stake through Zabeel investment.
The company investment in its Dubai property subsidiary Advanced Industries Group (AIG), he saw a 57 per cent increase in net profit in 2006, 121 per cent increase in revenue and 336 per cent increase in total assets.
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