Aldar Readymix joint venture to supply concrete to Aldar developments

The Joint Venture is being setup to become the primary concrete supplier with a capacity of 15,000 cubic meters per day. The principle projects supplied by the JV are Aldar's Al Raha Beach development, the Central Market, and the YAS Island destination.

"This partnership will ensure that the concrete used for our development projects is of the highest possible quality. As part of our commitment to maintaining international standards, we are continually streamlining processes as well as augmenting our practices. Aligning with Readymix Abu Dhabi ensures that the highest standards will be utilised in the construction of our developments," commented Ronald S. Barrott, CEO Aldar Properties. "Forming alliances with the best companies guarantees a shared vision in creating world-class destinations for the capital city and for those who will be visiting and living in these communities."

Aldar Readymix will allow Aldar Properties to receive large quantities of excellent quality concrete for its developments as required on these major developments. Al Raha Beach alone currently has four on-site concrete batching plants with a total production output of 6,000 cubic meters per day. Aldar Readymix plans to add another eight plants before the end of 2008 bringing the total production capacity to well over 15,000 cubic meters per day.

Youssef El Hage, General Manager Aldar Readymix stated,

"This alliance has many benefits for both parties including creating a secure and proper supply chain, which will allow ALDAR Properties to get all its requirements on time, and remain on schedule throughout their projects. In addition, creating this supply chain allows Readymix Abu Dhabi to exercise strict quality control over the complete cycle of its operations, from the selection of the raw materials up to the delivery of the concrete to the contractors' sites."

Al Raha Beach is Aldar Properties' Arabian waterfront city, comprising of 11 precincts each with a unique character and appeal. Central Market is the re-development of Abu Dhabi's souk and will have three landmark towers that will redefine the emirate's skyline. YAS Island is the entertainment destination which will be home to the Ferrari Theme Park, the Formula One race track, a Warner Bros. theme park, a waterpark, and many other leisure, residential, and entertainment facilities.