Al Qudra Holding, one of the largest investment companies in the UAE, said it has recently entered into an agreement to acquire 12.43% of Abu Dhabi National Industrial Projects' (ADNIP) shares.
The acquisition aims to strengthen the strategic cooperation between the two parties in identifying, developing, establishing and managing various industrial projects in the UAE and in the Middle East region.
Mahmoud Ibrahim Al Mahmoud, CEO of Al Qudra Holding said this ?marks the first step towards a long-term joint cooperation between Al Qudra Holding and ADNIP which aims to pioneer the industrial development in the UAE and the region at large. This is made possible by leveraging on the vast experience and expertise of the two companies combined to benefit our investors and ultimately, the national economy.? Mohammed Bin Joan Al Badie, Chairman of ADNIP, added that the apparent decision of the shareholders in introducing strategic partners aims at strengthening ADNIP's competitive position in the market and enabling the company to expand and develop mega industrial projects in the UAE, which will be announced in the due time.
Abu Dhabi National Industrial Projects Co. (ADNIP), is a leading industrial investment group fostering economic growth, entrepreneurial foresight and managerial excellence. ADNIP is adept at identifying, developing and operating high value commercial opportunities in the region in collaboration with leading global companies. /WAM/
The acquisition aims to strengthen the strategic cooperation between the two parties in identifying, developing, establishing and managing various industrial projects in the UAE and in the Middle East region.
Mahmoud Ibrahim Al Mahmoud, CEO of Al Qudra Holding said this ?marks the first step towards a long-term joint cooperation between Al Qudra Holding and ADNIP which aims to pioneer the industrial development in the UAE and the region at large. This is made possible by leveraging on the vast experience and expertise of the two companies combined to benefit our investors and ultimately, the national economy.? Mohammed Bin Joan Al Badie, Chairman of ADNIP, added that the apparent decision of the shareholders in introducing strategic partners aims at strengthening ADNIP's competitive position in the market and enabling the company to expand and develop mega industrial projects in the UAE, which will be announced in the due time.
Abu Dhabi National Industrial Projects Co. (ADNIP), is a leading industrial investment group fostering economic growth, entrepreneurial foresight and managerial excellence. ADNIP is adept at identifying, developing and operating high value commercial opportunities in the region in collaboration with leading global companies. /WAM/
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