Pragma Group buys Palladium
Published: MEA
UAE: The Palladium multi-purpose venue in Dubai has been acquired by Lebanon-headquartered Pragma Group. The company will make a US$100 million investment to acquire and revamp the venue.
‘Pragma Group is all about opportunities. We have built a smart and successful business by using both hard facts and intuition to seek out the best opportunities on offer, the UAE’s Palladium being a great example of this philosophy in action,’ commented Pragma Group chairman Joe Tabet. ‘We are very excited to see the Palladium, which has already made great in roads into the market, become part of our lifestyle vertical. You can be sure that we have big plans for its future.’
www.pragma-group.com