Aldar invites project partners

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Aldar Properties, the largest developer in Abu Dhabi, will link with outside companies on its completed projects to raise cash and outsource some operations functions.

The announcement comes during a protracted slowdown for the property sector and is seen by analysts as a way for Aldar to increase its income in a depressed economic climate.

“This is not about people just putting money in and getting their name on something,” said Areej al Naqbi, the director of business development at Aldar. “It’s a full partnership programme, including branding, marketing, hospitality and whatever we decide to do with the business venture.”