General view of the world's tallest building Burj Khalifa and Dubai Mall in Dubai, United Arab Emirates, November 21, 2018. REUTERS/ Hamad I Mohammed
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Dubai Holding LLC, the investment firm owned by the emirate's ruler, will develop an area close to its iconic Burj al-Arab hotel. Downtown Jumeira will include a 550-meter-high tower called Burj Jumeira, the company said in a statement, confirming an earlier story by Bloomberg News. The development comes as Dubai Holding is exploring investment opportunities abroad.The firm, which owns Dubai Properties Group LLC and hotel operator Jumeirah Group LLC, is one of three main state holding firms in the emirate.
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