ADCOOPS

AcronymDefinition
ADCOOPSAbu Dhabi Cooperative Society (Abu Dhabi, United Arab Emirates)
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Goodwin, who had previously worked for property consultancy DTZ, was brought on board by ADCOOPS in January last year to become director of real estate of its newly-established property development arm, Cornerstone Investment and Real Estate.
ADCOOPS is a privately-owned company with a group of Emirati shareholders set up in 1981.
Polensky & Zoellner is still on track to hand over the anchor ADCOOPS unit either later this month or early in March, and is still targeting 30 April as the date for the building's overall completion.
SPAR International and ADCOOPS have ambitious plans to develop the SPAR multi format retail strategy throughout the MENA region, according to a press release issued at the signing.
Together, SPAR International and ADCOOPS have identified an opportunity for SPAR to take a leading role in the food retail market in the Middle East.
Management teams are being recreated and trained with the assistance of SPAR International and ADCOOPS. Qatar, Lebanon and Oman will bring in the world class SPAR retail formats to a total of 37 countries when the first SPAR stores open in 2014.
They will be a new benchmark for supermarket shopping in Oman", said Georges Mojica, general director of Adcoops.
"We look forward to working with Spar International and Adcoops and bringing the worldclass Spar retail formats to our customers in Oman, etc," Khimji Ramdas said.
Spar International and Adcoops have ambitious plans to develop the Spar multi-format retail strategy throughout the Mena region.
George Mojica, General Manager of Adcoops, said Adcoops is extending its support to Gulf News' 'Go Green' campaign by introducing oxo-biodegradable bags, which disintegrate within eight to 10 weeks if exposed to the sun or mechanical stress.
"In spite of the additional overhead costs, we are making a conscious change for a worthy cause," said Faisal Al Arshi, deputy general manager of Adcoops.
"The pipeline of development includes sites that are both redevelopment of previously developed sites -- which tend to be in the more established communities -- and undeveloped sites that tend to be in the newer off-island communities," said Andrew Goodwin, director at Cornerstone, the property investment and development arm of Adcoop.