Aldar, Mubadala set up JVs to manage $8.17bn assets
Gulf Construction|October 2024
ALDAR Properties and Mubadala Investment Company, a sovereign wealth fund owned by the Government of Abu Dhabi, have boosted their strategic partnership by establishing a series of joint ventures.
Aldar, Mubadala set up JVs to manage $8.17bn assets

These ventures aim to own and manage assets across Abu Dhabi, valued at over AED30 billion ($8.17 billion).

This collaboration seeks to unlock value for both parties while driving the transformation and growth of Abu Dhabi as a leading global business and lifestyle destination, according to the companies.

The announcement was made during an inauguration ceremony attended by HH Sheikh Khaled bin Mohamed bin Zayed AI Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council.

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