(ABG), the prestigious real estate developer based in Abu
Dhabi, is looking for joint venture partners for its entry into the Indian real
estate sector. It has expressed its interest to work with local developers and
become joint venture partners.
The Vice President of ABG, Khaled Mohammed Al Badie, has
said that the Indian realty market is important for the company. ABG wants to
become a joint venture partner with some local partner having lots of
expertise. The company is already communicating with banks based in the UAE for
its real estate operations in India to get assistance in finding potential
partners for its entry in the Indian real estate market.
ABG is interested to initiate hotels as well as commercial
and residential projects in India, although the locations are yet to be
finalized. As Khaled
Al Badie says, ABG wants to enter into an equal joint venture
partnership and is looking for companies with a fantastic track record and a
wide experience. It is open to working with companies of any size, small or big,
and likes to benefit from the local expertise of Indian partners.
In the last two decades, the real estate sector in India
has grown leaps and bounds. ABG wants to ride the crest in the booming Indian
realty market and generate profits and customers. The company has earned a good
name in the real estate sector in Abu Dhabi, and wishes to enjoy the same
success in the Indian property market.
About Mr. Khaled Al Badie:
Mr. Khaled Al
Badie is the Vice President of the Al Badie Group,
and the son of Mr. Mohammed Jouan Al Badie. He heads many companies in Dubai,
and has recently made an entry into the lucrative property development market
in the city.
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