Aldar Investment launches logistics real estate vertical
The newly launched logistics vertical will focus primarily on the UAE, with the potential to expand into Saudi Arabia and Egypt.
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The newly launched logistics vertical will focus primarily on the UAE, with the potential to expand into Saudi Arabia and Egypt.
Acquisition of 70% equity interest in Abu Dhabi Business Hub comprises industrial warehousing and office facilities in Industrial City of Abu Dhabi (ICAD); Newly set...
ABU DHABI: Aldar Investment, an Abu Dhabi-based real estate investment company, has acquired a 70 percent equity interest in Abu Dhabi Business Hub, valued at $136 million, to launch Aldar Logistics, its new logistics real estate arm, news agency WAM reported. Aldar Logistics will focus on the UAE market, with potential plans to expand to Saudi Arabia and Egypt. According to