Aldar and Arada Sign AED 15 Billion Development Partnership in Abu Dhabi
Aldar Group and Arada signed strategic partnership agreements on Wednesday covering major development opportunities in Abu Dhabi, with a total value of approximately AED 15 billion.
The agreements cover opportunities on Yas Island and in Saih Al Sdeirah, bringing the two companies together on developments across the two locations.
The partnership spans distinct areas of the emirate rather than a single site. The brief announcement did not specify how the total value would be divided between them.
Details of the planned projects, including their scope and delivery schedules, were not provided in the announcement.
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