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Dubai World invest in MGM Mirage

Dubai World, investment holding firm of the Dubai government, announced that it has agreed to invest up to $5.2 billion in MGM Mirage. The deal will involve Dubai World purchasing 9.5 percent stake in MGM for about $2.4 billion and will invest about $2.7 billion, a 50 percent stake in MGM's CityCenter project. Which is a 76-acre Las Vegas development project that includes hotels, condos and retail outlets and s due to open in 2009.

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