Ethics - Transparency - Accountability - Governance - Excellence
We Help Build Lives Through Mega-Projects
22 February 2021
Ottawa ON CANADA
Canada Business Holdings as a Canadian corporation is a strong believer in supporting the United Nations Sustainable Development Goals. CBH shall work together with the institutions of the United Nations and the rest of world governments to comply with and implement the seventeen 17 SDG in its projects (as listed hereunder)
CBH shall integrate the UN SDG in its business practices and project strategies.
The Top management of CBH shall be responsible to ensure the compliance and auditing progress in every project CBH undertakes.
The five levels of integration within CBH Inc are as the following:
1. CBH Business Strategy
2. CBH Business Processes
3. Project Strategies for each project
4. Finance for each project
5. Technology implemented for each project
The implementation of the program shall encourage its staff to carry out the UN SDG “Compliance Program” in three steps: 1. Know, 2. Embrace, 3. Implement.
Where and when possible CBH shall encourage a “Lessons Learnt” organisational Knowledge-Sharing among its staff and partners to educate and enhance the level of knowledge and practice as part of the Learning Organisation practices.
In addition, CBH shall share and promote, when and where there is no Intellectual Property infringement, the sharing of experiences of the Best Business Practices in implementing UN SDG with governments and peers.
9th February 2021
Ottawa, Canada
Canada Business Holdings Inc is delighted to announce that the company is now an Ally to the Council of Inclusive Capitalism with the Vatican.
In principle and practice CBH is a strong advocate for equality and fair opportunity in amore humanistic capitalist economy. We integrate the ethical socio-economic development in all Public-Private Partnership projects that we engage in.
This is a day of pride for us all.
To learn more about IC please visit the website: https://www.inclusivecapitalism.com/
7th February 2021
Ottawa, CANADA
The Board has convened on 7th February 2021 in an Extra Ordinary Board Meeting following the past ordinary Board Meeting in December 2020. The meeting reviewed the performance of CBH Inc in the past year.
We are delighted to advise you that the number of your shares had increased in CBH Inc. This rise is the result of higher company value.
Such increase in the valuation of the company is the result of the company obtaining a petroleum refinery license in Oman. Moreover, CBH owns a part in the Green Technology developed for the oil refining process for the planned Oman refinery in Duqm.
A new Shareholder Certificate will be sent to you soon, that reflect an increase in the number of shares you had already. Hence, the older certificate are obsolete.
We look forward to beginning a new business era that shall bring wealth and prosperity to all shareholders. We thank you for your continued support and belief in the success of our company over the years.
Happy 2021. Stay Healthy.
February 3rd, 2021
Ottawa, CANADA
We are delighted to announce that Canada Business Holdings Inc have signed Memorandum of Understanding with ODIN Investments in Egypt.
CBH Inc is exploring opportunities in mega infrastructure projects in the Egyptian market based on Public-Private Partnership basis. CBH aims at enhancing the value added in the socio-economic development in rural parts of Egypt.
The CBH PPP business model of iDOMO is considered the best and the finest in the practice.
Egyptian business opportunities are among the best and fastest expanding in the MENA region for the last three years.
#investments #business #projects #Canada #Egypt #OdinInvestments
February 1st, 2021
From the office of Chairman and CEO
On the First of July 2020, CBH announced its plans to establish a Green petroleum refinery in the Sultanate of Oman. The refinery design focuses on Transportation Fuels (IMO 2020 compliant fuels for the maritime shipping industry).
The end products are Ultra-Low Sulphur content and with almost ZERO acid gas emission. The production capacity of the refinery is 300,000 barrels per day. The capital investment is around US$4.2 billion.
CBH is honoured by the successful partnership with the Sultanate of Oman. We are determined to make this refinery project a role model for others to follow. CBH is proud to contribute to the socio-economic development in Duqm and to become part of the local community.
CBH business strategy is now confirmed to be right and sound by the big players in the oil and gas business.
Today, CBH Inc is delighted to see, that following such announcement seven months ago, we have created a trend in using "Green Fuels" in the Middle East. BP in the "Virgin Islands" and ARAMCO in Ras Tanura now follow the trend. We are proud that CBH is a leader in creating competition towards a healthy environment practice in the refining industry that has been led by industry giants for several decades.
The CBH refinery project in Oman applies sophisticated and integrated technology patented in Canada. The cost per unit for our production is very competitive based on the premium product quality. Our refining technology is the finest, and our product is the best and lower cost.
CBH embraces the UN "Sustainable Development Goals" (SDG) and is committed to supporting Canadian Government policies in this regard. CBH admires the recent resolution of the US administration under President Joe Biden, to rejoin Paris accord. Such is a bold step in the right direction towards maintaining a healthier planet.
I wish to thank all people who work with CBH and welcome all those wishing to join efforts to defend fair business and inclusive capitalism.
Moses Solemon
1st of January 2021
Ottawa, ON
CBH Inc. is partnering in an investment fund located in the United Kingdom to finance it’s own project development operations. The Infrastructure Mega-projects Fund (IMF) is a cell protected Fund Structure.
IM Fund has the flow of projects with great socio-economic structure and development, smart and intelligent, in design and structuring.
The capital investment for the projects is US$17 billion. Most of such projects are in the Middle East.
The first project for investment and development is a 300,000 bpd ultra-low sulphur oil refinery in the Duqm special economic zone in Oman.
CBH projects integrate socio-economic component and are based on Public-Private Partnership (PPP) terms to invest, build, and operate for thirty years.
The strategic unique financial and business vision of CBH Inc makes the projects unique. CBH multiplies the value added in each sector and maximises the revenue streams to generate higher yield and lower the risk for investors and operators.
The IM Fund is managed by high profile and seasoned professionals from Canada, UK, and The Middle East. The governance framework is EU compliant.
28 October 2020
Updated 12 December 2020
The Board of Directors of Canada Business Holdings convened on December 9th, 2020. It is the decision of The Board to continue the executive steps necessary to implement the Duqm refinery project and deploy the resources needed for the project. This decision was made despite the challenges of COVID19 and the challenges of the oil market.
Such Board resolution reflects the high level of confidence in the outcome of the project in the sultanate of Oman. It reflects also comfort in the future of investing in cleaner and greener oil energy.
A company official statement released by Canada Business Holdings confirmed the refinery will produce ultra-low sulphur fuel oil refinery in the Sultanate of Oman.
Moses Solemon stressed that the refinery plans are going well. “We are proud of the level of business cooperation that the Omani authorities are showing. We are overwhelmed by the keen interest and effort levels on their side”.
Canada Business Holdings Inc. secured license to produce refined all products in the Special Economic Zone in Duqm in Oman on 30th of June 2020, with a capacity is 300,000 barrels per day.
The focus of the processing technology is the “bottom of the barrel”. CBH Inc was able to successfully integrate the Canadian technologies to produce high-quality fuel oil with near zero sulphur content and producing near zero nitrogen oxides. The green technology is one of a kind in the world of petroleum refining.
Mr. Solemon stated that “Although we are not a typical refining company by default, we have gathered the best world class team to make it happen. This refinery is a game changer in business and in the end-product”.
CBH is the global leader in Public-Private Partnership Mega Project Development. The prime factors of CBH Inc. capabilities focussed on successfully developing strategic projects by effectively and seamlessly bridging the void between macroeconomic future-forecasting and micro-economic implementation in certain business sectors.
CBH deploys such expertise in the project development business to create sustainable and effective socio-economic condition in the country of operation.
(Fail-Safe Economy)
2nd July 2020
CBH Inc. announced today that it will invest in the Sultanate of Oman in the construction of a Low Sulphur Fuel Oil Refinery. The LSFO refinery aims to serve the growing shipping needs for IMO complaint cleaner fuel for shipping propulsion.
The planned capacity is 300,000 BPD in phases. The location of the refinery is open to the Arabian sea outside the Straight of Hurmoz. The natural depth of the port area qualifies it to receive large ships with deep keel.
The refining process is based on a unique Canadian technology with proven results in turning poor quality fuel into cleaner and higher grades.
The CBH official said: “CBH Inc. are delighted to cooperate with the Government of Oman to invest in the LSFO refinery. Oman is one of the best located on the world map for such investment. We have great confidence that our decision is a strategically sound one”. He added: “The people of Oman are highly educated, young, and hard working. The country is resourceful and safe”. Oman also enjoys high political and economic stability for almost fifty years.
The project satisfies the strict investment criterion of CBH based on focused investment strategy, with safe, secure, and high returns. Such refinery is a niche investment that considers the challenges facing the oil and gas industry and focus mainly on market demand. Such demand is led by international law and the viability of the global logistics business.
The total investment is US$1.5 billion. The expected ROI is 22% per annum. The structured investment is based on a global fund based in London, UK and open to interested investors.
For more information and communication, please write to:
Mr. B. Edwards
+1 613 366 3550
14th July 2020
It is with great pleasure that Canada Business Holdings Inc. announces that our representative for the Low Sulphur Fuel Oil Refinery in the Duqm Free Zone (SEZAD) is:
The Vice Chairman of Ofsat in Muscat, Oman
Mr Abdul Aziz Al Shanfari had thankfully accepted our nomination.
We look forward to bringing such ambitious project to being, together with you, and create more progress, prosperity, and self reliance for the economy of Oman.
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CBH Market Value Increases
16th July 2020
As an exclusive developer for a refinery project, the market value for the shares of Canada Business Holdings had risen to over $US100 million, before starting construction work on a planned refinery project. Such represents 30% higher than its declared capital in the past two weeks. Canada Business Holdings recently obtained an oil refining license in the port of Duqm in the Sultanate of Oman with a production capacity of 300,000 barrels per day for thirty years.
Such market value is expected to rise after the completion of the refinery works and operation to about $US3 to $US5 billion on the basis of market sales of 90 million barrels annually and at a price of $US40 per barrel. That represents a value increase of thirty to fifty times its present value.
The planned refinery aims to produce very low-sulfur, environmentally friendly, fuel oil to power commercial cargo ships sailing in the high seas between Asia and Europe. The quality of the fuel produced complies with the International Maritime Organization, which was imposed as of January 1, 2020.
January 2nd, 2020
Immediate Contracting Opportunities Available - Petroleum Refining (Design Contracts and Construction Contracts):
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As the the year 2020 arrived with new opportunities, Canada Business Holdings Inc. is inviting qualified business organizations to explore our Partnership Programme. https://cbhppp.com/partnerships
In the CBH business model we outsource the Design and Construction activities and offer the priority for pre-qualified partners to engage in such projects.
As a PPP Main Developer and Partner, CBH is non conventional in it's business approach and is financially and legally responsible to their government clients in the PPP project. At present we have industrial infrastructure and oil downstream projects available in a Gulf Cooperation Council country (in an Industrial Free Zone).
Oil and Gas FEED Design activities are available immediately. Construction should begin by September 2020.
Ready, willing, and able companies can address the CEO at: global.projects@cbhppp.com within the next three weeks. The qualified partners shall be invited to submit their bidding proposal by the Middle of February 2020.
30 December 2019
Ottawa, CANADA
Canada Business Holdings Inc. a Canadian company based in Ottawa, secured a petroleum refining license for a 300,000 Barrels Per Day low sulphur bunkering fuel oil in the Middle East. The official announcement was made of 30th December 2019 after securing the necessary governmental approval.
The project will be established on a public private partnership (PPP) program designed by Canada Business Holdings and partners.
The budget of the project is not disclosed yet and will be defined after final negotiations and technology agreements. The project is located in a globally strategic location and will serve the needs of the shipping industry for a cleaner fuel oil. International maritime organization for recently made it mandatory for shipping lines to use loser for fuel oil as of January 2020.
CBH is an economic development and project management powerhouse and the global leaders of PPP projects on the basis of a unique investment and development model (iDOMO).
For more information about the company please visit the website www.CBHPPP.com
June 1st 2019
Ottawa, Canada
Canada Business Holdings Inc issued a brief statement today, to explain its business strategy and position with regards to news from Bank of Canada about a potential economic recession hitting soon.
Mr Moses Solemon, the Chairman and CEO of CBH Inc. stated that CBH investments shall grow despite "conventional" recession. He said: “CBH shall deliver ten times the return on investment in the ten coming years for every one United States Dollar that investors put with CBH today”. He added that such promise and commitment “is not over-confidence, not and not empty talk”.
The Chairman of CBH confirmed also that such binding commitment is “supported fundamentally by a new economic way to invest and develop Public-Private Partnership (PPP/P3) projects based on the IDOMO methodology” which CBH Inc. developed as intellectual property and confirms it is basically shielded from regular economic recessions.
Mr Solemon emphasized that CBH investments and projects offer governments and investors hard assets in land, tangible assets, and solid business activities. He confirmed that projects managed by CBH are diversified, secured, and generate revenues through multiple streams and across several economic sectors.
CBH is a new economic powerhouse and the global leaders of project development and ethical business based in Ottawa, Canada. CBH goal is to enhance human community habitat in a sustainable economic environment and based on a long-term growth model. CBH takes into account the negative effects of pollution and climate instability.
For more information about the company visit the website
8th April 2019
Ottawa, Canada
English: Canada Business Holdings, headquartered in Ottawa, Canada, is confirming that it works as a major developer for infrastructure projects on the basis of public-private partnership. Our company confirms also that any claims of a commercial relationship between them and between local companies in other countries must be confirmed by e-mail with our headquarters in Canada: Business@CanadaHoldings.Net
We hope that the official authorities of the different countries through their embassies in Canada will ascertain the truth of the information that may be claimed by competing and non-allied companies
langue française;
Canada Business Holdings, con sede en Ottawa, Canadá, confirma que funciona como un desarrollador importante para proyectos de infraestructura sobre la base de una asociación público-privada. Nuestra compañía también confirma que cualquier reclamo de una relación comercial entre ellos y entre compañías locales en otros países debe confirmarse por correo electrónico con nuestra sede en Canadá: Business@CanadaHoldings.Net Esperamos que las autoridades oficiales de los diferentes países a través de sus embajadas en Canadá verifiquen la verdad de la información que puede ser reclamada por compañías competidoras y no aliadas
لغة عربية: تؤكد شركة كندا بزنس هولدنغز و مقرها مدينة أوتاوا عاصمة كندا أنها تعمل منفردة كمطور رئيس لمشاريع البنية التحتية على أساس الشراكة بين القطاعين العام و الخاص. و تؤكد أن أي ادعاءات بوجود علاقة تجارية بينها و بين شركات محلية في بلاد أخرى لا بد من التأكد منها بالاتصال بالبريد الالكتروني مع مقر شركتنا في كندا Business@CanadaHoldings.Net
و نرجو أن تتأكد الجهات الرسمية في البلدان المختلفة من خلال سفاراتها في كندا من حقيقة المعلومات التي قد تدعيها شركات منافسة و غير حليفة.
CANADA BUSINESS HOLDINGS INC. 总部位于加拿大渥太华的加拿大商业控股公司(Canada Business Holdings)证实,它是以公私合作为基础的基础设施项目的主要开发商。我们公司还确认,他们与其他国家的当地公司之间的商业关系的任何索赔必须通过电子邮件与我们在加拿大的总部确认:Business@CanadaHoldings.Net
我们希望不同国家的官方当局通过他们在加拿大的大使馆确定竞争和非联盟公司可能要求的信息的真实性
langue allemande: Canada Business Holdings mit Hauptsitz im kanadischen Ottawa bestätigt, dass es als bedeutender Entwickler von Infrastrukturprojekten auf der Grundlage einer öffentlich-privaten Partnerschaft arbeitet. Unser Unternehmen bestätigt auch, dass alle Ansprüche aus einer Geschäftsbeziehung zwischen ihnen und zwischen lokalen Unternehmen in anderen Ländern per E-Mail an unseren Hauptsitz in Kanada bestätigt werden müssen: Business@CanadaHoldings.Net Wir hoffen, dass die offiziellen Behörden der verschiedenen Länder durch ihre Botschaften in Kanada die Wahrheit der Informationen ermitteln, die konkurrierende und nicht alliierte Unternehmen fordern können
l'Espagnol A Canada Business Holdings, sediada em Ottawa, no Canadá, está confirmando que trabalha como principal desenvolvedor de projetos de infraestrutura com base em parcerias público-privadas. Nossa empresa confirma também que quaisquer reclamações de uma relação comercial entre elas e entre empresas locais em outros países devem ser confirmadas por e-mail com nossa sede no Canadá: Business@CanadaHoldings.Net Esperamos que as autoridades oficiais dos diferentes países, através de suas embaixadas no Canadá, verifiquem a verdade das informações que podem ser reivindicadas por empresas concorrentes e não aliadas.
Mark Carney Governor of The Bank of England Calls Upon Central Banks And IMF To End Total Reliance on The US Dollar. Moses Solemon said that Three Years Ago
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24th August 2019
Statement From The Office of The Chairman and CEO Mr Moses Solemon
3/3/2019
CBH launched a PPP advisory Unit ((PPP Strategica)) The STRATEGICA Advisory Unit in CBH PPP provides independent consulting service for governments on PPP issues, including financial structuring. Such scope of work includes: A. Development of PPP Strategies such as laws, framework, and projects. B. Assessment and verification of existing PPP strategies, projects and plans. C. PPP Projects Planning for upcoming and future projects.
Toronto: +1 437 887 5779
Montreal:+1 514 545 7550
3/3/2019
CBH now offers a training and certification on iDOMO investment and development platform in collaboration with governments. DURATION: Three (3) Months – Seven (7) hours Daily class time 8 am – 5 pm BENEFIT: The graduate becomes a qualified Professional Expert in managing iDOMO projects. LEVEL: Advanced Professional Expert Certificate On-Line, In-Class, Text Books, Case Studies plus Workshops, and Team Presentation PREREQUISITES: The qualified candidates must have basics of Project Management, Engineering Economy, and have field experience in mega projects.
Ottawa, 18 February 2019
CBH launched PPP Government Partnership Program. The goal of such program is to establish a One-Stop Shop for Public Private Partnership (PPP/P3) projects. The mission of such shop is to accelerate infrastructure and mega project development on PPP basis.
This program enhances the national economic growth and help in creating job opportunities in the labour market faster. The CBH team has long experience in working with world governments and assisted in several global development programs. Such hands-on and in-depth knowledge can instantly integrate with the specific economic priorities of a nation to move the progress forward.
ForMore information: INVESTMENTS@CBHPPP.COM
(01/21/2019)
The Chairman of CBH Inc., Mr. Moses Solemon announced today that CBH is open for business in Jakarta, Indonesia.
"I am delighted to announce that Eng. Zaini Zain has teamed with the CBH Global Business Network." He said, and added that Mr. Zaini is a highly qualified engineer with a wealth of project experience and strong network in Asia and the Middle East.
Mr. Zaini Zain is now representing CBH in Indonesia for the Public-Private Partnership projects.
(08/11/2018)
Chairman Moses Solemon revealed today that CBH Inc has no plans for IPO soon.
"We see that market trends makes it better for CBH to stay privately owned. We can steer the business more swiftly to adapt to fluctuating market conditions and meet business goals of safe growth. By doing so we will be able to serve our customers better. We can keep the services we provide faster, better, and less expensive. This is the value promise we made and keep to investors and clients".
CBH has recently expressed interest to take major Public Private Partnership projects in Suez Canal area and the Red Sea in Egypt. In addition CBH Inc. plans to produce and provide power and water services in East Africa following signing MoU with the central and federal governments in the African nation.
(10/20/2018)
CBH Inc. plans to launch its first Non-Aligned Investment Fund (NAIF) to have a forecasted ROI above 22% per annum. - Non-Aligned Investment Fund (NAIF): is an acronym for an investment fund based on business for business (B4B), without allowing the political factor(s) to influence the investment decision. Non-Aligned Investment Fund (NAIF) that is a business-focused, politically neutral, profit oriented, and market driven investment fund.
NAIF promoted by CBH Inc. are focusing on long-term investing in:
1. Infrastructure Sector
2. High Growth Economies
3. Densely Populated Countries
NAIF One will be focusing on projects in Egypt's logistic and moving business for domestic, African and Middle East markets.
CBH Inc. welcomes all interested parties to send email to:
investments@canadaholdings.net
Attention: E. Mansoor
May 1st, 2019
Ottawa, Canada
The way CBH Inc. develops PPP (Public-Private Partnership) Projects on the iDOMO basis (invest, Develop, Manage and Operate), may be the next AMAZON (in PPP style) success story.
CBH is eager to work with various global partnerships in strategic alliances to realize our business vision. We focus on habitat, water, power, logistics, and services in one integrated socio-economic system.
Our systems help in creating sustainable and growing economy with better wealth distribution and less government subsidy and lower taxation for the people.
CBH Inc helps in building lives through projects and fulfilling peoples needs around the world. Through such development, we help investors also to grow their wealth even in the toughest and most uncertain business times.
CBH management has confidence that savvy investors, big construction companies, and top design firms can see and will benefit from such partnerships.
We know also that world governments with heavy population and limited budgets will ease the economic and financial stress and strain. At the same time, those governments would be swiftly responding to the demographic growth and create jobs and wealth for their people with less red-tape and faster progress.
(09/09/2018)
Mr. Solemon revealed that the market size of PPP Projects is Fifteen ($15T) Trillion US Dollars (in the years from 2019 to 2023). CBH can manage 1% of such market very comfortably.
He expected CBH market size for the next five years to be US$150 Billion. He assured that all such projects are manageable under the iDOMO investment-development platform.
Invented by CBH iDOMO: (n) is an acronym for "invest, develop, own, manage and operate". A higher form of Public-Private Partnership (PPP) projects. It describes a management platform to transform Infrastructure Project Partnerships into mass development, faster, better, and cheaper. iDOMO moves projects needed by the people from "concept" phase to the" build and operate" phase in one economically-sustainable system.
Mr. Solemon expressed his confidence in the strength and resilience of the Canadian economy. At the same time he predicted that the US economy may crash by the year 2020 for politically motivated reasons. That crash will affect Canada unless the economy finds better ties with EU and selected growing markets.
09/13/2018
Canada Business Holdings Inc. announced today that it signed a Memorandum of Understanding to provide power and water to an African nation in East Africa. The MoU's were signed at Federal and Provincial levels.
As per the MoU, CBH Inc. shall invest, develop, own, manage and operate the facilities under concession for thirty years. The estimated investment is 1.5 billion US dollars. The federal African government shall be partner in the project. The first phase is expected to serve more than one million customers.
CBH Inc., a Canadian company based in Ottawa, is the globally leading development company for Public Private Partnership projects. Its business model is based on Business to Government (B2G). CBH projects focus on providing the life needs for people through investment, development, ownership, management and operation of mega projects in township development, maritime port logistics, water and power, and agriculture.
For more information:
investments@canadaholdings.net
+1 347 601 4224
(06/14/2018)
CBH Inc. and partners expressed interest to be part in becoming part of the efforts to develop mega projects in the Arab Republic of Egypt.
Canada Business Holdings is a global leader in Public-Private Partnership infrastructure projects. The vision and strategies of development adopted by CBH Inc. are daring and progressive. Such vision focuses on jobs, quality of people's lives, and economic renaissance and financial prosperity.
The development methodology by CBH delivers projects faster, better and less expensive. Such methodology relives the governmental public administration from excessive budgetary spending. It helps also citizens to engage in the administration and domestic community affairs in proactive way. All such funding structures are based on fail-safe economic formulas and sustainable economy modeling.
CBH adopts the iDOMO principle for development (invest, develop, own, manage, and operate). The term of iDOMO lasts for thirty years in average. iDOMO projects provide an average annual yield of 30% plus, for investors.
(08/25/2017)
After more than two years of working to acquire the distressed Dubai Pearl project, CBH Inc. officially announced it withdrawal from the bid of 6 billion USD project. The effort began by business discussion with the present
During the discussions the developers declined to show their books to CBH Inc. That led to direct talks with Dubai Lands. The takeover efforts dragged for more than two years where no credible progress was accomplished.
Independent legal and financial investigation revealed bad management and serious lack of good governance exercised by the Dubai Pearl management team. Such acts resulted in halting progress and losses in multi-billions of dollars and the loss of goodwill. The cost of lost opportunity for shareholders and clients was much higher.
Because of the complexity of the situation, CBH Inc. halted its efforts to take over the project. Such decision was a natural result for non-transparency and obstacles created by the Dubai Pearl owners and managers. That was intended to jeopardise the CBH Inc. take over. In the course of time, the market forecasted profits were also lost and evaporated by the declining market conditions in Dubai and Middle East.
Moses Solemon, Chairman and CEO said:" The Dubai Pearl acquisition exercise helped us sharpen our saw better. It also introduced us to some realities that we did not know before, and made us more ready for them now". He added: "We are still interested in regional opportunities that will produce solid results with good partners".
28 Nov 2015
A Canadian investment company has said it is looking to spend up to $6 billion on distressed real estate projects in Dubai, adding that it has expressed an interest in acquiring the much-delayed Dubai Pearl development.
Canada Business Holdings said in a statement that it has raised its investment ceiling in Dubai properties to $6 billion.
"The focus of Dubai investments is in the real estate market. CBH intends to deploy such funds in acquiring distressed assets and complete their construction. The company plans to invest, develop, own, manage and overrate the assets for the next 30 years," the company said.
It added that the management of CBH has recently expressed interest in acquiring the Dubai Pearl project.
Last year it was reported that the $6 billion megaproject is set to be completed “by 2018”, according to the developer’s chief executive.
The project has been beset by a series of delays and management changes since it was originally announced in 2003.
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CBH issues plan of commitment to The United Nations Sustainable Development Goals (SDG)