Alpha Dhabi Holding Finalises Sale Of 49% Stake In Construction Subsidiary To ADQ

Alpha Dhabi Holding PJSC has finalised the sale of 49% of Alpha Dhabi Construction Holding (ADCH) to ADQ, an investment firm in Abu Dhabi. Despite this sale, Alpha Dhabi will maintain a 51% stake in ADCH, ensuring its ongoing involvement in the construction sector through a strategic partnership with ADQ.

ADCH is led by Trojan Construction, a subsidiary of Alpha Dhabi. It is known for its role in national development and has worked on notable UAE projects like the Zayed National Museum and Guggenheim Museum. The company also supports essential infrastructure projects such as the national railway network.

The collaboration between ADCH and ADQ merges their expertise, strengthening ADCH’s position as a leader in the industry. This partnership aims to drive growth within the Emirate. Hamad Al Ameri, CEO & MD of Alpha Dhabi Holding, stated, "We are thrilled to finalize this partnership with ADQ, marking a milestone in strategic growth and transformation for ADCH. With a shared vision for excellence, this collaboration allows us to deepen our commitment to national development and will expand our capabilities to tackle complex, large-scale projects with a keen focus on safety, quality, and timely delivery."

ADCH also excels in executing large residential community projects for local developers like Aldar, Modon Properties, and Emaar. This new alliance is expected to further solidify its reputation as an industry leader.

The agreement comes amid substantial investments in Abu Dhabi's construction sector. These investments aim to provide housing opportunities, generate employment, and diversify the Emirate’s economy. The deal marks a new phase of innovation by combining both entities' strengths to bolster Alpha Dhabi Construction Holding's leadership.

This strategic move reflects the ongoing commitment of both companies to enhance their capabilities and address complex projects efficiently. The focus remains on safety, quality, and timely completion while contributing significantly to national development goals.

With inputs from WAM