Abu Dhabi’s Aabar invests $42mm in Dead Sea joint venture
Published by Irhal
April 22- Abu Dhabi’s Aabar Investments announced they have invested $42 million to enter into a joint venture with the Dead Sea Touristic and Real Estate Company in Jordan. The joint venture company will own a convention center in the Dead Sea Valley of Jordan and soon begin building a hotel to be managed by a leading hotel corporation. Aabar, which is based in Abu Dhabi and listed on the Abu Dhabi stock…
Aabar, which is based in Abu Dhabi and listed on the Abu Dhabi stock exchange, said last month its assets have grown to more than $10 billion and it is considering more investments. Aabar has stakes in Daimler and Virgin Galactic.
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