Khuyool Investments, a leading Dubai-based property developer and investment specialist, has announced plans to open a subsidiary in China that will focus on international trading of building materials and equipment.

The subsidiary will also ensure that the UAE gets a regular supply of building materials and equipment, the company said in a statement.
It is believed that China is the source of a third of the building materials and equipment now being used in various projects in the UAE.
Khuyool Investments has initiated talks with a number of Chinese companies to negotiate future joint projects, the company said. It took part in the recently concluded China Import and Export Fair in Guangzhou, China. Khuyool Investments chairman Fahad Ali Mousa, who visited the fair, said he was optimistic of deals.
The company announced it has acquired prime plots of land amounting to Dh200 million ($54.4 million) in Dubai World Central, the 140 sq km urban land development being constructed around the world’s largest airport.
The company aims to launch mixed-use projects valued at Dh8 billion by the end of 2009 even as it diversifies.
“In a little over a year, we have seen tremendous growth in our operations, which has gone a long way since the launch of our first project,” said Mousa. “At present, we have earmarked 35 per cent or Dh3 billion of our planned investments in Dubai, including our recent procurement of prime land within Dubai World Central, which we have identified to be a key strategic development and, hence, an apt location for some of our high-value developments.
“Our vision as a highly dynamic developer has motivated us to explore possibilities that transcend the bounds of the real estate market, and we are now geared up to penetrate the building materials sector though strategic partnerships with global companies.”
The company is expanding its activities out of Dubai and has forayed into new markets in Europe and Asia, unveiling a number of real estate projects in Jordan, Syria, the UK, Pakistan and India. Khuyool Investments previously launched the Dh650 million Abjar tower located in Jumeirah Village South.