Monday, December 04, 2006

Aldar partners with Laing O'Rourke

Abu Dhabi's Aldar Properties has entered a construction joint venture with Laing O'Rourke to deliver Al Raha Beach projects in UAE.

Its maiden project will start with the construction of residential and commercial property at Al Raha Beach which will occupy 500 hectare.

The agreement was signed between Aldar chairman Ahmad Ali Al Sayegh and CEO Ron Barrott with Aldar Laing O'Rourke's Chief Executive Norman Haste. This is the first major joint venture for Aldar.

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