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Emaar Properties has hired consultant Mc-Kinsey to conduct a strategic review of its international operations, sources said yesterday. The McKinsey review mainly relates to the developer’s property segment, said the sources.
It will cover Emaar’s foreign units which span the Middle East, Africa and Asia, in countries like India, Egypt and Saudi Arabia. The developer is expected to announce the plan later this month. A spokesman for Emaar was not immediately available for comment. A McKinsey spokesman declined to comment. The review may prompt Emaar to focus on expanding its hospitality business — it operates malls, hotels and golf resorts — in key emerging markets, such as China, Brazil and Africa.
