Union Properties announced that it is in the final stages of signing a MoU with China National Chemical Engineering Limited (CNCEC) aimed at a new expansion in the Dubai Autodrome project, the ideal destination for racing and car enthusiasts, with a value of AED 200mn.
The Dubai Autodrome project is one of a kind development of Union Properties, as the project include a number of race tracks with international specifications that are the only ones of its kind in Dubai.
Khalifa Al Hammadi, CEO of Union Properties, stated that these strenuous efforts come in the context of the vision of the rational leadership of the UAE in promoting the flexible and favourable economic environment for the development and growth of companies.
