Some couples are made in heaven, and others… in the UAE. Alpha Dhabi Holding, a subsidiary of International Holding Company (IHC), has acquired a 25.24% stake in Al Qudra Holding. Al Qudra Holding focuses on investing in growth sectors including real estate, services, and hospitality.
Alpha Dhabi Holding is shooting for the stars (and Al Qudra Holding) as a part of its expansion strategy, which aims to invest $2.17b in "promising sectors" globally. Both companies can join forces to do good by meeting the construction needs of diverse sectors. In this regard, Alpha Dhabi has been quick to act as it bought an additional 17% stake in Aldar Properties this week as well. Way to go, Alpha Dhabi.
Why it matters
IHC’s interest and expansion in non-oil sectors via Alpha Dhabi Holding is a part of Abu Dhabi's Economic Vision 2030. Abu Dhabi’s dreams seem to be manifesting soon.