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Monday 8 February 2010
Aldar invites project partners
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.”
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