Al Nusuf from ADIH
commented: "Abu Dhabi's Real Estate market is a highly promising one due to the constant guidance and support of the government.
We are pleased with the successful start of this project,' said ADIH
managing director Rashad Janahi.
Fawaz Ali Al Jowder, ADIH
CEO said, "The great results in the light of a strained financial market are testament of the Board's strategy to position ADIH
as the investment house of choice within the MENASA region.
We are delighted and pleased with the successful closing of this fund, the successful partnership with Al Hilal Bank and the contributions of our institutional and individual investors across the board," said ADIH
chief executive officer Fawaz Ali Al Jowder.
In the near future, ADIH
will launch an investment fund addressing the food sector and will create a joint venture targeting the health sector in Abu Dhabi during the fourth quarter of this year.
He said ADIH
had recently established Wellpharma Holding, an investment arm in the healthcare and pharmaceutical sectors, and launched the Wellpharma Medical Solutions Fund, a closed fund which raised $20m.
I would like to thank our investors for their trust and also the ADIH
team for their hard work and effort.
Fawaz Ali Al Jowder, CEO of ADIH
commented, "During the current tough global economic environment, the ADIH
team continues to diligently work on safeguarding investors' interest - especially when invested in ADIH
Global Banking News-15 July 2009-Abu Dhabi's ADIH
closes RE fund to launch food fund(C)2009 ENPublishing - http://www.
Following Qatar Entertainment City's successful implementation, ADIH
announced a $400 million India Entertainment City in commercially and industrially active Navi Mumbai, a company spokesperson told Gulf News.
Present were ISPAT President Alpaslan Korkmaz, State Minister and Deputy Prime Minister Nazm Ekren, Ithmaar Bank Chairman Khalid Abdulla Janahi, GFH Chairman Esam Janahi and ADIH
Managing Director Rashad Janahi.
Porta Moda Marrakesh is an extension to the unique $7 billion Porta Moda concept ADIH
launched earlier this year.