ALDAR signs MoU with ARKAN for good real estate prospects in Abu Dhabi

From right to left: Ahmed Ali Al Sayegh, Chairman ALDAR Properties, and Salem bin Mohamed Al Dhaheri, Chairman, ARKAN Building Materials Company The World

ALDAR Properties PJSC, a leading real estate developer in Abu Dhabi, inked a memorandum of understanding (MoU) with ARKAN Building Materials Company PJSC, for increasing business prospects and linking their supply chains. The MoU was signed by Ahmed Ali Al Sayegh, Chairman, ALDAR Properties, and Salem bin Mohamed Al Dhaheri, Chairman, ARKAN Building Materials Company.

Ahmed Ali Al Sayegh, Chairman, ALDAR, said: "The MoU we have signed today with ARKAN is in line of ALDAR's commitment to partnering with highly credible suppliers with strong track record for delivery. Through such alliances we can ensure our projects are implemented on time and to the highest quality standards."

Under the MoU signed today, both parties agreed to identify means for maximising business opportunities that could be achieved through a strategic alliance whereby ALDAR and ARKAN link their supply chains and ARKAN becomes a major supplier of building materials to ALDAR.