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Sorouh Real Estate, one of Abu Dhabi’s leading real estate developers, has acquired a 60 per cent stake in Abu Dhabi-based Pivot Engineering and General Contracting Company.
Sorouh announced its deal with the local construction company as a logical step in strengthening its ability to deliver on the more than Dh45 billion ($12.25 billion) worth of projects it currently has under development. The company had in May acquired a stake in Abu Dhabi-based LLJ Property in a share transaction that extended Sorouh’s sales channel to market.
