ADNOC Drilling’s Enersol JV buys majority stake in NTS Amega
Enersol, a joint venture between the ADX-listed ADNOC Drilling and Alpha Dhabi Holding, will acquire a 51% stake in NTS Amega. In fiscal year 2023, NTS reported revenues exceeding $120 million
The portfolio acquisition comprises a multifamily community in New Jersey, and two senior housing properties in Orange County, California and Long Island, New York.
The agreement covers the construction and operation of a 360-kilometre railway linking the mining areas of Al-Shidiya and Ghor Al-Safi in Jordan to its Aqaba port.
