Alpha Dhabi Holding (ADX: ALPHADHABI), a prominent investment firm in the UAE, announced it will sell a 49% stake in its construction subsidiary, Alpha Dhabi Construction Holding (ADCH), to ADQ, an Abu Dhabi-based investment and holding company. The deal leaves Alpha Dhabi Holding with a 51% stake in ADCH, affirming its ongoing commitment to the construction industry in a strategic partnership with ADQ. This partnership aims to reinforce ADCH’s industry leadership and contribute to Abu Dhabi’s development by integrating ADCH into ADQ’s ecosystem.
ADCH, known for its dedication to national development and executing major projects like the Zayed National Museum and the national railway network, is set to benefit from ADQ’s investment focus on infrastructure assets. The collaboration between ADH and ADQ is expected to drive strategic growth and innovation within ADCH, enabling it to undertake complex and large-scale projects with a focus on safety, quality, and timely delivery.
The construction market in the UAE, valued at USD 41 billion in 2024, is projected to grow to over USD 50 billion by 2029. This growth is supported by continuous investments in the Abu Dhabi construction sector, which has seen a 14.3 percent increase, contributing significantly to the Emirate’s GDP and providing new employment opportunities and housing developments. This transaction is subject to customary closing conditions, including regulatory approvals.
Alpha Dhabi Holding (ADH), a UAE listed conglomerate, was established in 2013 and is one of the fastest growing Abu Dhabi based investment holding companies, with more than 250 businesses spread across healthcare, renewable energy, petrochemicals and other industries such as real estate, construction and hospitality. With over 90,000 employees, ADH is a strategic contributor to the UAE economy and is committed to drive continuous growth for its stakeholders through investments in emerging businesses, supporting innovation and diversity.
