Aldar completed the acquisition of logistics assets of AD Ports Group for AED570m.

Aldar, a real estate development and investment company, completed the acquisition of logistics assets of AD Ports Group, an exclusive developer and regulator of ports and related infrastructure in Abu Dhabi, for AED570m. “This acquisition marks another significant milestone in Aldar’s strategy to scale its logistics and industrial platform in the UAE, while further strengthening our expansive recurring income business. The Grade A assets acquired from AD Ports Group are strategically located and occupied for the long term, ensuring stable income generation. With the logistics market poised for substantial growth as the UAE cements its position as a hub for regional and international trade, we will continue to assess opportunities for further growth in the sector,” Jassem Saleh Busaibe, Aldar Chief Executive Officer.