News Archive: industry news: 2012

12, 2012 March:

UAE developers Aldar, Sorouh eye state-backed merger

Abu Dhabi's struggling developer Aldar Properties may merge with local rival Sorouh Real Estate in a state-backed tie-up that could create a company worth some $15 billion in assets.

06, 2012 January:

Aldar bailout could spell good news for Abu Dhabi

Abu Dhabi’s bailout of the emirate’s biggest holdings company Aldar Properties PJSC could spell good news for the area if the firm can focus its resources, according to a financial services specialist.

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