Issue No 306 - 27 April 2009
ADIH-Aldar in joint venture

Abu Dhabi Investment House (ADIH) has signed a memorandum of understanding (MoU) with Aldar Properties to pave the way for the creation of a new joint venture to develop fresh investment opportunities.

It is envisioned that the new venture will initially focus on Al Remila part of phase two of Al Raha Beach in Abu Dhabi.

'We are delighted to have signed this MoU with Aldar,' said ADIH chief executive officer Fawaz Ali Al Jowder.

'We share common values and are both focused on the successful development of Abu Dhabi,' he said.

Source: Trade Arabia News

PO Box: 7553, Dubai, UAE
Tel: +971 4 331 3122 Fax +971 4 331 3126