Alpha Dhabi Holding signed a Memorandum of Understanding (MoU) with Turkey-based Limak Group. The MoU aims to explore a range of business opportunities and joint ventures in construction, development, infrastructure, energy, and hospitality, all within a framework of sustainable development in the UAE and the Republic of Turkey. This MoU marks a significant milestone in the economic relations between the two countries and presents an opportunity for Alpha Dhabi to expand its investment portfolio in Turkey through a potential new partner, Limak Group.

The opportunities include the construction and rehabilitation of areas impacted by the 7.8-magnitude earthquake that shook Turkey in February this year, further strengthening the positive relations between the UAE and Turkey. The United Nations estimates that 1.5 million people were displaced by the earthquake. This partnership between Alpha Dhabi and Limak Group seeks to support several infrastructure and construction projects, with a key focus on the rehabilitation of the impacted communities in the country.