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Sunday, 16 April 2017

Abu Dhabi state fund considers venture with property firm Eshraq | Reuters

Abu Dhabi state fund considers venture with property firm Eshraq | Reuters:

"Abu Dhabi government fund Mubadala is considering forming a venture with loss-making real estate developer Eshraq Properties in the latest example of Abu Dhabi state money coming to the aid of a local company that has run into difficulties. Mubadala and Eshraq are exploring opportunities to establish a joint real estate development venture in Abu Dhabi, they said in a statement on Sunday. The proposed venture would develop plots of land in Abu Dhabi owned by Mubadala on Al Maryah Island and by Eshraq on Al Reem Island. "



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