Alpha Dhabi Holding and ADQ form a strategic partnership, with ADH divesting 49% of subsidiary Alpha Dhabi Construction Holding to ADQ.
Alpha Dhabi Holding (ADH) has announced a strategic partnership with Abu Dhabi-based investment firm ADQ. As part of the deal, ADH will divest 49% of its subsidiary Alpha Dhabi Construction Holding (ADCH) to ADQ, retaining a 51% stake. The partnership aims to strengthen ADCH's position as an industry leader and a driver of Abu Dhabi's growth, with a focus on large-scale projects and sustainable growth in the Emirate's construction sector. The UAE construction market is expected to grow from $41 billion in 2024 to over $50 billion by 2029.
April 16, 2024
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