Abu Dhabi, 8 September, 2009: Aldar Properties PJSC, Abu Dhabi's leading property development, investment and management company, today announced that its subsidiary Al Raha Gardens Property LLC recently formed a Joint Venture Company with National Catering Company, one of the leading catering and related support services Companies in the Arabian Gulf region. The new company, in which both shareholders hold 50% of the equity share capital, is called Al Raha International Integrated Facilities Management LLC (ARIIFM LLC).

ARIIFM LLC currently provides total facilities management solutions and services to Aldar's operative villages at Mussafah and Yas Island, where it caters to over 56,000 workers building the residential, commercial and retail developments at Al Raha Beach and the hotels, marinas, circuit and related facilities at Yas Island for the Formula 1™ Etihad Airways Abu Dhabi Grand Prix.

ARIIFM LLC's services include catering, integrated facilities management,, reception and security services, industrial catering and life support, commercial housekeeping and janitorial services, commercial laundry services, corporate pantry and themed cafeteria and restaurants.

Joseph Kassis, Chief Executive Officer of ARIIFM LLC, commented,

"ARIIFM LLC will provide world class catering and full Facilities Management services for workforce communities across the region. Through the rapid success of our flagship facilities management projects we have been able to cement strong partnerships with clients, authorities and executives that will allow us to continue to offer quality services and cost effective solutions."

Areej Al Naqbi, Director of Business Development and Non Core Operations at Aldar Properties, added,

"Aldar's joint venture with a long term partner specialized in delivering high standard comprehensive catering and facilities management services will ensure that we set the benchmark for the welfare of our significant workforce across the emirate."

-Ends-

About Aldar Properties:
Aldar Properties PJSC is Abu Dhabi's leading property development, management and investment company. It listed on the Abu Dhabi Securities market in 2004. Aldar was established to support the region's infrastructure through the creation of high quality, attractive and sustainable communities equipped with residential, commercial, retail, leisure, hospitality, education and medical facilities.      

Aldar's diverse property portfolio includes major developments and re-developments within Abu Dhabi including Yas Island, Al Raha Beach, Central Market, Nareel Island, and Noor Al Ain. The company owns over 50 million square metres of land in strategic locations throughout the Emirate.

For further details visit www.aldar.com 

For more information, please contact:
Mona Zayati          
Aldar Properties PJSC
Tel: +971 2 696 4729
Mob: 050-4108400
Email: mzayati@aldar.com

© Press Release 2009