Sesha Utters

Blog of a Shiznit

Dubai World buys Gazeley- A Wal-Mart Property

Posted by seshdotcom on June 13, 2008

Dubai World acquired a Wal-Mart owned Property Developer Gazeley for 400 Million Pounds..Sultan Ahmed bin Sulayem->The Chairman of the Dubai World said that the Aquistion was a Milestone in the Global Expansion in its Economic Zones World(EZW)..What is notable among this Aquisition is the Dubai World investment company has already made an Extensive Investment in Many of the real estates in UK,US and the Africa together with this Gazeley(Gazeley has many Warehouses setup at the U.K,U.S etc so everything will become a Property of Dubai World now)..Now the Biggest challenge for Sultan is how to make the Industry as one of the Super Majors in the Property Developer..So thus this Aquistion has become the Biggest Aquisition ever Made in this Industry and the Historians and the Industry Developers Hope that there will not be this Kind of a Aquisition in future also..

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