Nakheel today (10 October 2007) announces that it has sold Shanghai Island on The World development. The purchaser is Mr. Bin Hu, a prominent Chinese businessman and director of real estate developer, Zhongzhou International Holding Group. The island, which is 322,000 square foot in size, has been sold for US $28 million.
October 10, 2007, Dubai, UAE
Picture left to right: Hussein Al Yasiri, Client Relations-The World; an official translator; Mr. You Zhen Gao, Consul General of China; Hamza Mustafa, Director of The World; and Mr. Bin Hu, the new owner of the island of “Shanghai” on The World.
http://www.arabianbusiness.com/502210-china-in-his-hands?ln=en
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