Emaar says not in tallest tower deal with Kingdom
DUBAI, June 14 (Reuters) - Dubai developer Emaar Properties EMAR.DU denied on Sunday that it was in a deal with Saudi Arabia's Kingdom Holding 4280.SE to supervise and develop a large project which will feature the world's tallest tower.
"Emaar ... will not invest in any projects of this sort," it said in a statement emailed to Reuters.
Emaar shares surged 7.18 percent a day after Saudi-based Kingdom Holding Co said it had appointed the Dubai-based developer for the project, with a total investment of at least 100 billion riyals ($26.7 billion).
(Reporting by Inal Ersan; Editing by Dania Saadi; John Stonestreet)
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