Aldar and Mubadala ink deal to develop commercial assets in ADGM ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News
Aldar and Mubadala ink deal to develop commercial assets in ADGM
Following an agreement between Aldar Properties and Mubadala Investment Company, commercial assets will be developed in Al Maryah Island. As per the terms of the deal, Aldar will own a 60% stake in the joint venture (JV), while the rest will be held by Mubadala. The commercial assets will be developed within Abu Dhabi’s international financial centre and free zone, the Abu Dhabi Global Market (ADGM). The joint venture, once finalised, will contribute to ADGM’s thriving ecosystem, providing capacity for more businesses to operate from Al Maryah Island. It follows Aldar’s acquisition of the four commercial towers at ADGM from Mubadala, and a subsequent deal between the two parties to partner i

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