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The opportunities include construction and rehabilitation of areas impacted by the earthquake in Turkey.
Abu Dhabi, UAE: Alpha Dhabi Holding (ADX: ALPHADHABI), one of the fastest-growing investment holding companies in the United Arab Emirates (UAE), signed a Memorandum of Understanding (MoU) with Turkey-based Limak Group. The MoU aims 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 the Republic of Turkey.
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 Turkey in February this year, further strengthening the positive relations between the UAE and Turkey.
Commenting on the partnership, Eng. Hamad Salem Al Ameri, Chief Executive Officer and Managing Director of Alpha Dhabi, said: “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 Turkey impacted by the earthquake. We are excited about the potential this partnership holds for both our companies and the communities we serve.”
Ebru Ozdemir, Chairperson of Limak, said: “We are thrilled to sign this MoU with Alpha Dhabi, a company that shares our vision for sustainable development and investment. This MoU will not only strengthen our business ties but also contribute to the wider community rehabilitation in the earthquake-affected zones in Turkey. We look forward to exploring the opportunities within this potential partnership which will bring valuable contribution to both Turkey and the UAE.”
The United Nations estimates that 1.5 million people were displaced by the earthquake. This partnership between Alpha Dhabi and Limak Group seeks to support several infrastructure and construction projects, with a key focus on the rehabilitation of the impacted communities in the country.
About Alpha Dhabi Holding
Alpha Dhabi Holding (ADH), a UAE listed conglomerate, was established in 2013 and is one of the fastest growing Abu Dhabi based investment holding companies, with more than 150 businesses spread across healthcare, renewable energy, petrochemicals and other industries such as real estate, construction and hospitality. With over 85,000 employees, ADH is a strategic contributor to the UAE economy and is committed to drive continuous growth for its stakeholders through investments in emerging businesses, supporting innovation and diversity.
For more information, please visit www.alphadhabi.com
About Limak Group
Limak Group is a fast-growing international company headquartered in Türkiye, operating according to best international standards across multiple sectors such as construction, infrastructure, energy, tourism, food and beverage. Since 1976, Limak has been operating at the forefront of the industries involved in 14 countries with more than 50 thousand employees. Limak Construction is ranked 50th in the world’s largest international construction companies list of Engineering News Record Magazine in 2022.
For more information, please visit www.limak.com.tr/homepage
For more information, please contact:
Mary Khamasmieh
Weber Shandwick
E: mkhamasmieh@webershandwick.com
Rawad Khattar
Weber Shandwick
E: RKhattar@webershandwick.com
Sara Abuhassira
Weber Shandwick
E: SAbuhassira@webershandwick.com
Amani El Achkar
Weber Shandwick
E: AElAchkar@webershandwick.com
