ADQ to manage Abu Dhabi's toll gates, parking system
Abu Dhabi sovereign wealth fund ADQ has taken over the management, operation and development of the emirate’s road toll system DARB, as well as its parking system Mawaqif
A total of 22.2723% of the total issued shares has been offloaded to Emirates Power Investment, making Dubai Holding group the largest shareholder in the company, the Burj Khalifa developer confirmed on Monday.
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.
