Aldar Properties signs MoU with Cebarco Bahrain

ABU DHABI - Aldar Properties has signed an MoU with Cebarco Bahrain SPC of Bahrain, to setup a joint venture construction company which will undertake projects on Yas Island including the Warner Bros. Theme Park. The MoU was signed by Ronald Stephen Barrot, CEO of ALDAR Properties, and Khalid M. A. Rahim, CEO and Chairman of Cebarco Bahrain SPC.

By (By a staff reporter)

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Published: Thu 14 Aug 2008, 11:37 PM

Last updated: Sun 5 Apr 2015, 11:53 AM

Barrott said that the MoU is in-line with ALDAR’s strategy of partnering with highly credible organisations with a strong track record for delivery.

Khalid M. A. Rahim, CEO and Chairman of Cebarco, said that business opportunities which will eventually develop into a long term business relationship between the two companies.

The Yas Island development covers an area of 2500 hectares and is set to become a cornerstone of Abu Dhabi’s fast growing tourism industry.

In addition to the Royal Yas Marina racing circuit, the development will include Ferrari World Abu Dhabi, a Warner Bros. Theme Park, five-star and boutique hotels, a water park, over 300,000 square meters of retail space, a links golf course, 7 marinas, restaurants and various entertainment facilities.

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