|09-23-2014, 02:42 PM||#1|
IGO looks overseas, launches $700m Frisco project in Texas
Invest Group Overseas (IGO) affrimed plans to launch a luxury mixed-use $700 million development in Frisco – the company`s first project in the City of Texas.
Business and economical developments are not only continuing to grow on a local scale, but also globally. This week, the Dubai-based investment group IGO announced plans of a new giant investment named The Gate, consisting of a 41-acre luxury mixed-use project that will be located on the northwest corner of the Dallas North Tollway and the future John Hickman Parkway.
Why Texas? Well, according to the chief executive officer of IGO, Anas Kozbari, such a city gives him and his project a long-term competitive advantage along with the possibility of further new ventures due to the exceptional and economical fast growth rate the city.
Kozbari introduced this master plan at the Cityscape Global property exhibition, held in Dubai, saying: "The development will offer a refreshing take on the live, work, play environment in one of America`s fastest-growing cities. “When completed, it is poised to be a hub of opportunity for the businesses and residents who will make The Gate their address of choice," he added.
The Gate is projected to start construction in spring 2015 and to be completed by summer 2019. The multi-million investment will be close to the Downtown concept of Dubai – proving once again to the world how efficient and practical is Dubai`s infrastructure and business foundations.
IGO is the overseas investment arm of the MAC group, currently chaired by Mr. Moafaq A Gaddah, seeking to capitalize the multitude of enriching business opportunities in the Arab world.
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