The deal marks Abu Dhabi developer’s fifth real estate technology fund investment
The National News, Aarti Nagraj, 21/06/2022
Aldar Properties has invested in Taronga Ventures, a property technology investor operating across the Asia-Pacific region, as it seeks to diversify operations and expand.
Through the partnership, Aldar, the biggest property developer in Abu Dhabi, will gain access to technology co-investment opportunities providing “additional revenue streams and new efficiencies” for its portfolio, the developer said in a statement on Tuesday.
The agreement aims to increase the exchange of technological know-how and ideas in the Middle East and focus on sustainable solutions.
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