UAE’s Aldar Properties targets $2bn in sales this year, says CEO

The firm’s target is the highest since its establishment. (File/Shutterstock)
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Updated 28 April 2022
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UAE’s Aldar Properties targets $2bn in sales this year, says CEO

RIYADH: Abu Dhabi-based real estate company Aldar Properties is targeting sales worth 7 to 8 billion dirhams ($1.9 billion to $2.1 billion) during this year, the CEO said in an interview to Al Arabiya. 

The firm’s target is the highest since its establishment, Talal Al-Dhiyebi added, noting that it aims to launch more than 3,000 residential units during 2022. 

Al-Dhiyebi said the company achieved solid financial results during the first quarter of 2022, as Egypt’s SODIC that it acquired last year also gave it a boost. 

The company has long-term plans for the Egyptian market and is looking forward to increasing its investments in the North African country, he explained. 


India seals $3bn LNG agreement with UAE

Updated 19 January 2026
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India seals $3bn LNG agreement with UAE

  • Leaders hold talks to strengthen trade, defense ties

NEW DELHI, DUBAI: India signed a $3 billion deal on Monday to buy liquefied natural gas from the UAE, making it the Gulf country’s top customer, as the leaders of both countries held talks to strengthen trade and defense ties.

The agreement was signed during a very brief two-hour visit to ‌India by UAE ‌President Sheikh Mohammed bin Zayed Al-Nahyan for talks with Indian ‌Prime Minister Narendra Modi. 

They pledged to double bilateral trade to $200 billion in six years and form a strategic defense partnership.

Abu Dhabi state firm ADNOC Gas will supply 0.5 million tonnes of LNG a year to India’s Hindustan Petroleum Corp. for 10 years, the companies said.

ADNOC Gas said the agreement brings the total value of its contracts with India to over $20 billion.

“India is now the UAE’s largest customer and a ‌very important part of ADNOC Gas’ LNG strategy,” ‍the company said.

The UAE is ‍India’s third largest trading partner and Sheikh Mohammed was accompanied ‍by a government delegation that included his defense and foreign ministers. The two sides signed a letter of intent to work toward forming a strategic defense partnership, India’s Foreign Secretary Vikram Misri told reporters.

Misri, however, said that the signing of the letter of intent with the UAE does not mean that India will get involved in regional conflicts.

“Our involvement on the defense and security front with a country from the region does not necessarily lead to the conclusion that we will get involved in ‌particular ways in the conflicts of the region,” he said.