Alfa Abu Dhabi and Limak Group sign a Memorandum of Understanding to advance sustainable development in the United Arab Emirates and Turkey

Alfa Abu Dhabi Holding Firm, one of many quickest rising funding holding firms within the UAE, has signed a Memorandum of Understanding with Turkey-based Limak Group. The MoU goals to discover a variety of enterprise alternatives and joint ventures in building, improvement, infrastructure, vitality and hospitality, all inside the framework of sustainable improvement within the United Arab Emirates and the Republic of Turkey.

This memorandum of understanding represents a milestone within the financial relations between the 2 nations and gives a possibility for Alfa Abu Dhabi to broaden its funding portfolio in Turkey by way of a possible new accomplice, the Limak Group. The alternatives embrace constructing and rehabilitating the areas affected by the 7.8-magnitude earthquake that struck Turkey in February this 12 months, which strengthens the constructive relations between the UAE and Turkey.

Commenting on the partnership, M. stated. Hamad Salem Al Ameri, CEO and Managing Director of Alfa Abu Dhabi, stated: “Our potential partnership with the Limak Group is a strategic step in step with our dedication to sustainable improvement and geographical enlargement. It builds on our core sectors of infrastructure, building, vitality and hospitality. We’re notably desirous about exploring the chance to help the rehabilitation of earthquake-affected areas in Turkey. We’re excited in regards to the potential this partnership holds for each our firms and the communities we serve.”

Ebru Ozdemir, Chairman of Limak Board of Administrators, stated: “We’re happy to signal this Memorandum of Understanding with Alfa Abu Dhabi, an organization that shares our imaginative and prescient of sustainable improvement and funding. This MoU is not going to solely strengthen our enterprise relations but additionally contribute to the rehabilitation of the broader neighborhood within the earthquake affected areas of Turkey. We stay up for exploring alternatives inside this potential partnership which can make a worthwhile contribution to each Turkey and the UAE.”

The United Nations estimates that 1.5 million folks have been displaced by the earthquake. This partnership between Alpha Dhabi and Limak Group seeks to help a number of infrastructure and building tasks, with a significant deal with rehabilitating affected communities within the nation.