Latest news with #Australia-UAE
ME Construction
12-05-2025
- Business
- ME Construction
Arada acquires New South Wales arm of Roberts Co
Financial Arada acquires New South Wales arm of Roberts Co By Arada secured the immediate US $20mn recapitalisation of Roberts Co (NSW), which will provide essential stability to another 600 employees across the construction supply chain in Sydney Arada has acquired the New South Wales arm of Roberts Co, an Australian tier-one commercial construction company known for executing intricate projects across diverse sectors. The strategic move aligns with Arada's expansion plans in Australia, as the UAE-based master developer accelerates its growth in the Australian market. The developer said it secured the immediate US $20mn recapitalisation of Roberts Co (NSW), which will provide essential stability to another 600 employees across the construction supply chain in Sydney. This move also ensures the jobs of 120 direct employees. Arada said it is on track to launch sales and construction at its first projects in Australia by the end of 2025. The acquisition empowers Arada to greater control over the development of its future projects in Australia. Moreover, it paves the way for Roberts Co's eventual expansion into new international markets, including the UAE. Arada said that is prepared to invest up to $100mn in Roberts Co's expansion into new sectors and geographies. The ultimate objective is to establish a global presence and achieve annual revenues of $1bn by 2028. Ahmed Alkhoshaibi, Group CEO of Arada said, 'This acquisition reflects our strong belief in Roberts Co's people, projects, and performance, and will help us to deliver our future projects in Australia with greater control and cost efficiencies, as well as reduced risk. We will now invest significantly into the company in order to bring it to new markets and sectors, including the UAE, and look forward to delivering on our shared vision for high-quality, community-focused development.' Ridwaan Jadwat, Australia's Ambassador to the UAE added, 'This acquisition highlights the growing depth of the Australia-UAE relationship, underpinned by the recently signed Comprehensive Economic Partnership Agreement. It is a strong example of how closer ties between our two nations are delivering tangible benefits to our communities, supporting sustainable development and fostering long-term economic growth.' Dr Fahad Obaid Altaffag, UAE Ambassador to Australia said, 'The acquisition of Roberts Co's New South Wales business by Arada demonstrates the UAE's commitment to strengthening economic ties with Australia, which aligns with the opportunities created through the Comprehensive Economic Partnership Agreement. This strategic move not only reinforces the strong economic partnership between our countries but also reflects our shared vision for enhancing people-to-people ties as well as for innovation. We look forward to seeing the positive impact this collaboration will have on local infrastructure, jobs, and the broader Australian economy.' The acquisition ensures uninterrupted progress across four major construction projects in Sydney, two schools, a residential project, and a children's hospital. These projects are crucial to the state's infrastructure. As part of the transition, key members of the Roberts Co leadership team, including Executive Chairman George Kostas, who previously served as CEO of Majid Al Futtaim Properties, will remain in their roles to maintain continuity and stability after the transaction, the statement explained. Founded in 2017 with a mission to 'build a better way', Roberts Co has delivered some of New South Wales' most important recent construction projects and has experience across the health, education, commercial, residential, hospitality, industrial, life sciences and defence sectors. Arada, a company that established its first international office in Sydney in 2024, has announced plans for a $2.5bn development project in Australia. This project aims to create major new communities in Sydney's inner-west, southwest, and Hills Shire suburbs. Together, these communities will provide 2,500 much needed homes to the Sydney market.
Sharjah 24
07-05-2025
- Business
- Sharjah 24
Arada completes acquisition of major Sydney-based contractor
The transaction includes an immediate $20 million (AED47 million) recapitalisation of Roberts Co (NSW) Pty Ltd by Arada, securing the jobs of 120 direct employees and providing essential stability to another 600 employees across the construction supply chain in Sydney. The acquisition gives Arada greater control over the development of its future projects in Australia and also paves the way for Roberts Co's eventual expansion into new international markets including the UAE. Arada is prepared to invest up to $100 million (AED235 million) on Roberts Co's expansion into new sectors and geographies, with the goal of building a global presence and targeting annual revenues of $1 billion (AED2.3 billion) by 2028. Ahmed Alkhoshaibi, Group CEO of Arada, said: 'This acquisition reflects our strong belief in Roberts Co's people, projects, and performance, and will help us to deliver our future projects in Australia with greater control and cost efficiencies, as well as reduced risk. We will now invest significantly into the company in order to bring it to new markets and sectors, including the UAE, and look forward to delivering on our shared vision for high-quality, community-focused development.' Ridwaan Jadwat, Australia's Ambassador to the UAE, said: 'This acquisition highlights the growing depth of the Australia-UAE relationship, underpinned by the recently signed Comprehensive Economic Partnership Agreement. It is a strong example of how closer ties between our two nations are delivering tangible benefits to our communities, supporting sustainable development and fostering long-term economic growth.' Dr Fahad Obaid Altaffag, UAE Ambassador to Australia, said: "The acquisition of Roberts Co's New South Wales business by Arada demonstrates the UAE's commitment to strengthening economic ties with Australia, which aligns with the opportunities created through the Comprehensive Economic Partnership Agreement. This strategic move not only reinforces the strong economic partnership between our countries but also reflects our shared vision for enhancing people-to-people ties as well as for innovation. We look forward to seeing the positive impact this collaboration will have on local infrastructure, jobs, and the broader Australian economy.' The acquisition also ensures uninterrupted progress across four major construction projects – two schools, a residential project and a children's hospital – that are currently under way in Sydney, many of which are critical to the state's infrastructure. As part of the transition, key members of the Roberts Co leadership team, including Executive Chairman George Kostas – who previously served as CEO of Majid Al Futtaim Properties - will remain in their roles to ensure continuity and stability post the transaction. Founded in 2017 with a mission to 'build a better way', Roberts Co has delivered some of New South Wales' most important recent construction projects and has experience across the health, education, commercial, residential, hospitality, industrial, life sciences and defence sectors. Since establishing its first international office in Sydney in 2024, Arada has announced plans for $2.5 billion (AED6 billion) worth of development in Australia. These include major new communities in Sydney's inner-west, south-west and Hills Shire suburbs that will together deliver 2,500 much-needed homes to the Sydney market. Arada is on track to launch sales and construction at its first projects in Australia by the end of 2025.
Zawya
07-05-2025
- Business
- Zawya
UAE: Arada completes acquisition of Sydney-based contractor
UAE - Arada has acquired the New South Wales arm of Roberts Co, a leading Australian tier-one commercial construction company with a strong track record in delivering complex projects across a number of sectors, as the UAE-based master developer's expansion plans in Australia gather pace. The transaction includes an immediate $20 million (AED47 million) recapitalisation of Roberts Co (NSW) by Arada, securing the jobs of 120 direct employees and providing essential stability to another 600 employees across the construction supply chain in Sydney. The acquisition gives Arada greater control over the development of its future projects in Australia and also paves the way for Roberts Co's eventual expansion into new international markets including the UAE. Arada is prepared to invest up to $100 million on Roberts Co's expansion into new sectors and geographies, with the goal of building a global presence and targeting annual revenues of $1 billion by 2028, a statement said. Ahmed Alkhoshaibi, Group CEO of Arada, said: 'This acquisition reflects our strong belief in Roberts Co's people, projects, and performance, and will help us to deliver our future projects in Australia with greater control and cost efficiencies, as well as reduced risk. We will now invest significantly into the company in order to bring it to new markets and sectors, including the UAE, and look forward to delivering on our shared vision for high-quality, community-focused development.' Ridwaan Jadwat, Australia's Ambassador to the UAE, said: 'This acquisition highlights the growing depth of the Australia-UAE relationship, underpinned by the recently signed Comprehensive Economic Partnership Agreement. It is a strong example of how closer ties between our two nations are delivering tangible benefits to our communities, supporting sustainable development and fostering long-term economic growth.' Dr Fahad Obaid Altaffag, UAE Ambassador to Australia, said: "The acquisition of Roberts Co's New South Wales business by Arada demonstrates the UAE's commitment to strengthening economic ties with Australia, which aligns with the opportunities created through the Comprehensive Economic Partnership Agreement. This strategic move not only reinforces the strong economic partnership between our countries but also reflects our shared vision for enhancing people-to-people ties as well as for innovation. We look forward to seeing the positive impact this collaboration will have on local infrastructure, jobs, and the broader Australian economy.' The acquisition also ensures uninterrupted progress across four major construction projects – two schools, a residential project and a children's hospital – that are currently under way in Sydney, many of which are critical to the state's infrastructure. As part of the transition, key members of the Roberts Co leadership team, including Executive Chairman George Kostas – who previously served as CEO of Majid Al Futtaim Properties - will remain in their roles to ensure continuity and stability post the transaction. Founded in 2017 with a mission to 'build a better way', Roberts Co has delivered some of New South Wales' most important recent construction projects and has experience across the health, education, commercial, residential, hospitality, industrial, life sciences and defence sectors. Since establishing its first international office in Sydney in 2024, Arada has announced plans for $2.5 billion worth of development in Australia. These include major new communities in Sydney's inner-west, south-west and Hills Shire suburbs that will together deliver 2,500 much-needed homes to the Sydney market. Arada is on track to launch sales and construction at its first projects in Australia by the end of 2025. – TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
07-05-2025
- Business
- Trade Arabia
Arada completes acquisition of Sydney-based contractor
Arada has acquired the New South Wales arm of Roberts Co, a leading Australian tier-one commercial construction company with a strong track record in delivering complex projects across a number of sectors, as the UAE-based master developer's expansion plans in Australia gather pace. The transaction includes an immediate $20 million (AED47 million) recapitalisation of Roberts Co (NSW) by Arada, securing the jobs of 120 direct employees and providing essential stability to another 600 employees across the construction supply chain in Sydney. The acquisition gives Arada greater control over the development of its future projects in Australia and also paves the way for Roberts Co's eventual expansion into new international markets including the UAE. Arada is prepared to invest up to $100 million on Roberts Co's expansion into new sectors and geographies, with the goal of building a global presence and targeting annual revenues of $1 billion by 2028, a statement said. Ahmed Alkhoshaibi, Group CEO of Arada, said: 'This acquisition reflects our strong belief in Roberts Co's people, projects, and performance, and will help us to deliver our future projects in Australia with greater control and cost efficiencies, as well as reduced risk. We will now invest significantly into the company in order to bring it to new markets and sectors, including the UAE, and look forward to delivering on our shared vision for high-quality, community-focused development.' Ridwaan Jadwat, Australia's Ambassador to the UAE, said: 'This acquisition highlights the growing depth of the Australia-UAE relationship, underpinned by the recently signed Comprehensive Economic Partnership Agreement. It is a strong example of how closer ties between our two nations are delivering tangible benefits to our communities, supporting sustainable development and fostering long-term economic growth.' Dr Fahad Obaid Altaffag, UAE Ambassador to Australia, said: "The acquisition of Roberts Co's New South Wales business by Arada demonstrates the UAE's commitment to strengthening economic ties with Australia, which aligns with the opportunities created through the Comprehensive Economic Partnership Agreement. This strategic move not only reinforces the strong economic partnership between our countries but also reflects our shared vision for enhancing people-to-people ties as well as for innovation. We look forward to seeing the positive impact this collaboration will have on local infrastructure, jobs, and the broader Australian economy.' The acquisition also ensures uninterrupted progress across four major construction projects – two schools, a residential project and a children's hospital – that are currently under way in Sydney, many of which are critical to the state's infrastructure. As part of the transition, key members of the Roberts Co leadership team, including Executive Chairman George Kostas – who previously served as CEO of Majid Al Futtaim Properties - will remain in their roles to ensure continuity and stability post the transaction. Founded in 2017 with a mission to 'build a better way', Roberts Co has delivered some of New South Wales' most important recent construction projects and has experience across the health, education, commercial, residential, hospitality, industrial, life sciences and defence sectors. Since establishing its first international office in Sydney in 2024, Arada has announced plans for $2.5 billion worth of development in Australia. These include major new communities in Sydney's inner-west, south-west and Hills Shire suburbs that will together deliver 2,500 much-needed homes to the Sydney market.
Gulf Business
26-02-2025
- Business
- Gulf Business
ADQ, Plenary Group launch infrastructure development, investment platform
Image: Christopher Pike/ Getty Images Abu Dhabi-based global sovereign investor ADQ and Australia's Plenary Group, an independent investor, developer, and manager of public-private infrastructure projects, have announced the launch of Plenary Middle East, a co-development and investment platform aimed at driving public and social infrastructure projects across the Middle East and Central Asia. The establishment of Plenary Middle East builds on ADQ's acquisition of a 49 percent stake in Plenary Group in April 2024. The co-development platform will focus on public-private partnership (PPP) models to deliver sustainable infrastructure solutions with lasting socioeconomic benefits in key sectors such as education, transportation, and healthcare. By utilising PPPs, the platform aims to bridge the infrastructure financing gap, which the Global Infrastructure Outlook estimates will reach $15tn by 2040. Plenary Group has already demonstrated success in the UAE, having led the development of the nation's first schools under a PPP framework. In collaboration with the Abu Dhabi Department of Education and Knowledge, Plenary Group delivered three state-of-the-art schools, providing world-class education infrastructure for over 5,000 students. Hamad Al Hammadi, deputy group CEO at ADQ, emphasised the strategic alignment of the initiative: 'The establishment of Plenary Middle East aligns with ADQ's focus on building world-class foundational systems and infrastructure essential to the functioning of economies and societies. 'Together with Plenary, a global leader with a proven track record in successfully delivering infrastructure projects, we aim to capitalize on the potential of public-private partnership opportunities in our key target markets. By leveraging our mutual expertise, we are well-positioned to drive sustainable growth and create lasting value.' Paul Oppenheim, chairman of Plenary Group, expressed enthusiasm about the collaboration, noting: 'We are excited about the opportunities this partnership will bring, positioning us to participate in significant upcoming projects in new and existing markets, accelerating our growth. In particular, the Middle East co-development and investment platform will supercharge our expansion into new markets and unlock valuable opportunities for both companies.' Plenary Middle East to boost UAE-Australia ties The joint platform further strengthens the ties between the UAE and Australia, following This was the first major inbound investment from the UAE into an Australian company since the signing of the Australia-UAE comprehensive economic partnership agreement. Plenary Middle East will be integrated into ADQ's newly established infrastructure and critical minerals cluster. The platform is expected to drive sustainable growth and create long-term value.
