RIYADH: Aldar Properties is planning acquisitions worth 3.5 billion dirhams ($952 million), the company’s CEO said in an interview to Alarabiya.
Talal Al-Dhiyebi stated that 80 percent of the upcoming acquisitions will be located in the UAE.
The focus of their future purchases will be on asset quality, in malls or office and residential projects, he said.
The upcoming scheme is part of a 5 billion dirhams plan, out of which 1.5 billion dirhams have been allocated in Egypt’s SODIC and the acquisition of Al Hamra Mall in Ras Al Khaimah.
Based in Abu Dhabi, Aldar Properties is a real estate development, management and investment company.
