Alpha Dhabi invests for infrastructural development projects in Turkey

  • Date: 20-Jul-2023
  • Source: GCC Business News
  • Sector:Real Estate
  • Country:UAE
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Alpha Dhabi invests for infrastructural development projects in Turkey



Rep.Image (Courtesy: WAM)



Alpha Dhabi Holding, an Abu Dhabi-based conglomerate of businesses, has signed a Memorandum of Understanding (MoU) with Limak Group, a major Turkish conglomerate, 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 Türkiye.

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 Türkiye in February this year, further strengthening the positive relations between the UAE and Türkiye.

Hamad Salem Al AmeriMD & CEOAlpha Dhabi Holding

“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. We are particularly interested in exploring the opportunity to support the rehabilitation of areas in Türkiye impacted by the earthquake. We are excited about the potential this partnership holds for both our companies and the communities we serve.”

Ms.