The Chairman of Emaar Properties, Mohamed Al-Abbar, said that the financial situation of his company is good and the current stage will pass thanks to the efforts made by the management.
Al-Abbar added in statements to Al-Arabiya TV, that Emaar management has reduced expenses, expecting the hotel sector to recover within a year.
and stated that the retail sector has been affected in countries that depend on tourism, and that it has a year ahead for things to return to normal.
Al-Abbar explained that the Corona pandemic led to the cancellation of some projects for Emaar Properties; But things are now back to normal.
Emaar's profits, listed on the Dubai Financial Market, fell 35% in the first half of this year, to about 2.007 billion dirhams.
(Amazon Fun Knowledge)
