Wed 12-09-2018 14:07 PM
ABU DHABI, 12th September, 2018 (WAM) – The decision by Aldar Investments, the newly-established company that owns the recurring revenue assets of property firm Aldar, to establish itself in the Abu Dhabi Global Market, ADGM, represents "a significant milestone in the (local) real estate investment space," according to ADGM’s Chairman and Minister of State Ahmed Al Sayegh.
Speaking this morning at an event to announce the establishment of Aldar Investments, Al Sayegh said that it was "heartening" to see "how Aldar is tapping into ADGM’s platform to take the real estate sector to the next level of maturity and growth."
ADGM, he said, has "an undeniably comprehensive and innovative suite of corporate offerings, such as special-purpose-vehicles, SPVs, treasury functions and legal structures, and an investment framework such as our real estate investment trust, that enables businesses and institutions to protect their assets, have access to capital flows and to expand their presence."
Established in 2013, ADGM has already issued over 1,000 licences to entities including global, systemically important, financial institutions, world-leading professional service providers, corporate headquarters, single family offices and real estate investment authorities, Al Sayegh said.
ADGM’s growth rate "has surpassed that of regional International Finance Centres, IFCs," Al Sayegh added, describing this as testament to its strength as "a growth platform, a trusted regulator and strategic business partner. Our commitment to maintaining a dynamic, well-regulated environment for business and investment is absolute," he said, in line with ADGM’s mandate "to support local institutions and entities appropriately in their expansion plans and contribute towards the economic agenda of Abu Dhabi."