Alpha Dhabi Holding acquires Murban ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 15
Alpha Dhabi Holding, a UAE-based construction company and a subsidiary of IHC, has announced that it has acquired Murban, a privately-owned investment company that is primarily involved in the hospitality industry. Founded in 2006, Murban is an Abu Dhabi-based investment company with $500 million in equity. Its current assets include St Regis at Saadiyat, Al Wathba Luxury Collection Desert Resorts and the Le Noir Café brand. Earlier in March, Murban signed an agreement with the Aceh Governor to build a luxury resort in Aceh province, Indonesia. Alpha Dhabi has a strong hospitality development division, having previously built hotels in the UAE, Morocco, Russia and the UK. The acquisition wil

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