Dubai World & MGM Mirage In Second Joint Venture For Las Vegas Resort
Sunday, September 16th, 2007Dubai World and MGM Mirage in second joint venture for Las Vegas real estate.
Istithmar Hotels FZI, subsidiary of Dubai World, Kerzner International Holdings and MGM Mirage entered into a joint venture to 40 acres of land on Sahara Avenue and the corner of Las Vegas Strip.
The commercial real estate is yet to be named and the construction for this multibillion dollar resort is planned for construction in 2009 and completion in 2012.
Three months ago a partnership between Kerzner International Holdings and MGM Mirage for a equal partnership to develop the land was announced.