New executive committee set for Emaar MGF
Emaar MGF has formed a four member executive committee for taking all major decisions. The only nominee of the Indian partner is MGF CEO Mehar Karan Singh.
According to the Emaar MGF spokesperson this formation will not effect the present management control of the venture.
The joint venture of Emaar and MGF have invested for construction of integrated township including residential apartments in Delhi region as well as in different city and regional level.
The Dubai based Emaar owns 43.49% state in the joint venture while the MGF group owns 51.44%
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