Dubai’s SKAI plans third $272m hotel project near Expo2020 site
07 September, 2015
Dubai real estate firm SKAI Holding is currently in the initial planning stages for its third hospitality project in the city, its CEO and co-founder has confirmed. “We have two or three concepts, so I can’t comment [whether we’ve] decided on one or the other and the costs. It will be hospitality,” Kabir Mulchandani, Group CEO of SKAI Holding said in an interview with Arabian Business. The project is reportedly set to be valued at around AED1bn ($272 million) and located in Jumeirah Village Circle (JVC), close to the Expo2020 site.