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RIYADH: Abu Dhabi-based real estate company Aldar Properties is targeting sales worth 7 to 8 billion dirhams ($1.9 billion to $2.1 billion) during this year, the CEO said in an interview to Al Arabiya.
The firm’s target is the highest since its establishment, Talal Al-Dhiyebi added, noting that it aims to launch more than 3,000 residential units during 2022.
Al-Dhiyebi said the company achieved solid financial results during the first quarter of 2022, as Egypt’s SODIC that it acquired last year also gave it a boost.
The company has long-term plans for the Egyptian market and is looking forward to increasing its investments in the North African country, he explained.
Aldar Investment launches logistics real estate arm by acquiring Abu Dhabi Business Hub
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