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Aldar Properties signs an MOU with Abu Dhabi Investment House
- United Arab Emirates: Tuesday, April 21 - 2009 at 13:36
- PRESS RELEASE
Aldar Properties PJSC, Abu Dhabi's leading property development, management and Investment Company, today announced the signing of a memorandum of understanding with the Abu Dhabi Investment House PJSC.
Mohammed Al Mubarak, Chief Commercial Officer of Aldar Properties PJSC says, "This MOU demonstrates the appetite in Al Raha Beach and in the development of sustainable communities throughout Abu Dhabi. We are excited to be working together with Abu Dhabi Investment House and look forward to a long partnership."
Fawaz Ali Al Jowder, the Chief Executive Officer of Abu Dhabi Investment House PJSC says, "We are delighted to have signed this MOU with Aldar. We share common values and are both focused on the successful development of Abu Dhabi."
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About Aldar Properties:Aldar Properties PJSC is Abu Dhabi's leading property development, management and investment company. It listed on the Abu Dhabi Securities market in 2004. Aldar was established to support the region's infrastructure through the creation of high quality, attractive and sustainable communities equipped with residential, commercial, retail, leisure, hospitality, education and medical facilities.
Aldar's diverse property portfolio includes major developments and re-developments within Abu Dhabi including Yas Island, Al Raha Beach, Central Market, Nareel Island, and Noor Al Ain. The company owns over 50 million square metres of land in strategic locations throughout the Emirate.
About Abu Dhabi Investment House:
The ADIH journey has begun. Since establishment in 2005, ADIH has continued to grow. We attract the highest-caliber staff across the board and our investment and financial expertise have proven their ability as we deliver beyond expectations. ADIH has opened representative offices both in Bahrain and Geneva.
We are looking to always provide our clients with exceptional customer service and are actively working with our staff to keep standards as recognized internationally. ADIH has invested in itself by way of its training and in its offerings.
Net profits for 2007 are robust and we enter into this financial year from a position of strength, able to build results; results for our staff, shareholders and investors as well as for the economies and social structures in those countries in which ADIH chooses to invest, and with the investment portfolios and real estate developments to which we commit.
For more information, please contact:
Mona Zayati
Aldar Properties PJSC
Tel: +971 2 696 4729
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