Alpha Dhabi and Limak Group sign MoU to drive sustainable development in UAE and Turkey

Alpha Dhabi and Limak Group sign MoU to drive sustainable development in UAE and Turkey

The opportunities include construction and rehabilitation of areas impacted by the earthquake in Turkey. Abu Dhabi, UAE: Alpha Dhabi Holding (ADX: ALPHADHABI), one of the fastest-growing investment holding companies in the United Arab Emirates (UAE), signed a Memorandum of Understanding (MoU) with Turkey-based Limak Group. The MoU aims to explore a range of business opportunities and joint ventures in construction, development, infrastructure, energy, and hospitality, all within a framework of sustainable development in the UAE and the Republic of Turkey. This MoU marks a significant milestone in the economic relations between the two countries and presents an opportunity for Alpha Dhabi to expand its investment portfolio in Turkey through a potential new partner, Limak Group.The opportunities include the construction and rehabilitation of areas impacted by the 7.8-magnitude earthquake that shook Turkey in February this year, further strengthening the positive relations between the UAE and Turkey. Commenting on the partnership, Eng. Hamad Salem Al Ameri, Chief Executive Officer and Managing Director of Alpha Dhabi, said: “Our potential partnership with Limak Group is a strategic move that aligns with our commitment to sustainable development and geographic expansion. It builds on our core verticals of infrastructure and construction, the energy sector, and hospitality.