Khadem Al Qubaisi, Chairman of the board of Directors of Aabar Investments PJSC (“Aabar”) announced, in a statement issued by the company, that Aabar will officially present its newly established real estate subsidiary, Aabar Properties LLC during its participation in the Abu Dhabi Cityscape 2010.
Aabar Properties LLC is committed to developing the extensive real estate portfolio invested by Aabar Investments. Some of the developing projects will be displayed during the Abu Dhabi Cityscape.
According to the statement by Al-Qubaisi, the announcement of the establishment of Aabar Properties LLC during the Abu Dhabi Cityscape event sends across a strong message to the real estate world, reflecting the growing economy of the Emirate of Abu Dhabi. H.E. Al Qubaisi noted that the establishment of the company further emphasises the wise leadership of Abu Dhabi directed by His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, may God protect him, and the committed support of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, who oversee all the major economic projects and developments of Abu Dhabi which in return will benefit the nation’s growing economy.
Al-Qubaisi went further to say that within a relatively short time, Abu Dhabi has successfully secured itself a prominent position on the global economic map amongst other economically developed nations. The robust real estate development of Abu Dhabi has been possible due to the existence of a complete infrastructure which supports and provides for all aspects of modern day life, including transportation, communication, and all other services.
Al-Qubaisi added that the investments made by Aabar, particularly those in the real estate sector, play a significant role in the heart of the economic activities of Abu Dhabi and are a significant contributor to the major development projects which serve as the emirate’s roadmap to future high economic growth. There is no doubt that this will in turn result in boosting the Emirate’s non-oil dependant GDP and contribute to building its sustainable economy, which will make the Emirate of Abu Dhabi a significant force that will have an impact on the global economy.
Khadem Al Qubaisi concluded by saying that Aabar Properties LLC has committed to playing a pivotal role in the implementation of Abu Dhabi’s future economic vision through its many projects that are currently in progress and the future projects that are planned to be completed with dedication and commitment under the directive of the leadership of Abu Dhabi.
