• Transaction strengthens IMKAN’s long-term growth strategy across the UAE and wider GCC

Abu Dhabi, UAE:  IMKAN, a leading global master developer based in Abu Dhabi and a subsidiary of Abu Dhabi Capital Group (ADCG), today announced the acquisition of a 51% stake in Majestic Marine Investments Group LLC (“Majestic Group”), a leading marine engineering and marina construction company operating across the UAE and Saudi Arabia.

Founded in the 1980s, Majestic Group has built a strong reputation as one of the region’s most established marine specialists, delivering more than 200 projects with a cumulative value exceeding AED 1.0 billion. The company employs more than 400 professionals across its operations in the UAE and KSA, who will now join IMKAN’s growing portfolio.

The acquisition marks a significant strategic milestone for IMKAN, supporting the group’s long-term expansion plans within the UAE. Majestic Group will serve as a key vertical complementing IMKAN’s property development business, providing in-house marine construction capabilities to support waterfront, marina, and coastal development initiatives, while also playing a key role for offshore works.

Engineer Suwaidan Al Dhaheri, CEO of IMKAN Properties, said: “This acquisition marks a key strategic move for IMKAN to expand its portfolio of services and establish in-house marine construction capabilities. Majestic Group’s deep technical expertise and strong delivery track record across the UAE and Saudi Arabia will support the development of high-quality waterfront, marina and coastal projects, while positioning IMKAN for long-term growth in a sector expected to continue expanding across the GCC.”

Through this partnership, IMKAN aims to broaden its operational footprint and enhance delivery capabilities across upcoming marine and coastal projects, while building long-term value for stakeholders.

“Joining IMKAN marks an exciting new chapter in Majestic Group’s journey,” said Marios Economides, CEO of Majestic Marine Investments Group. “With IMKAN’s vision and support, we are well positioned to accelerate our growth and contribute to the delivery of iconic developments across the region.”

The acquisition further reinforces the commitment of Abu Dhabi Capital Group to diversify investment across high-growth sectors and support leading businesses operating across regional infrastructure and development.

Asend Capital, led by its Managing Partner Abed Assy, acted as the exclusive M&A advisor on the transaction. Deloitte and Dentons served as financial and legal advisors, respectively.

About IMKAN Properties:

IMKAN, the leading global real estate master developer based in Abu Dhabi has earned its reputation with a portfolio of 26 projects spanning five countries across two continents. As a wholly-owned subsidiary of Abu Dhabi Capital Group, IMKAN prioritises the creation of soulful places that enrich lives. This philosophy is driven by a unique research platform that empowers IMKAN to understand the needs and desires of their diverse customer base, ranging from millennials to discerning high-net-worth individuals.

Notable among its projects is IMKAN’s AlJurf masterplan, a 3.8 million sqm mixed-use development along a 1.6km coastline and 9km long canal front, all set within a preserved natural ecosystem between Abu Dhabi and Dubai. AlJurf is set to become a global health and wellness destination when the SHA Emirates Residences open in 2026, with the third international SHA Wellness resort joining the flagship award-winning SHA Wellness Clinic in Spain. Other significant projects include Makers District on Al Reem Island, Abu Dhabi, an 18.6-hectare waterfront mixed-use development featuring Pixel, a cluster of seven residential towers; Nudra in Saadiyat Island, an exclusive beachside community; and Sheikha Fatima Park, Abu Dhabi’s first urban park.

With offices in Egypt and Morocco, IMKAN’s global presence includes major projects like the 500-hectare Alburouj development in Egypt. In Morocco, key projects include Le Carrousel Residences and the country’s first open-air shopping mall.

For more information, call 800 IMKAN or visit www.imkan.ae

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