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Abu Dhabi’s two biggest property firms merge to create firm with US$15bil in assets

Abu Dhabi's two biggest property firms, Aldar Properties and Sorouh Real Estate, have agreed on a state-backed, all-share merger that would create a firm with US$15bil in assets and could help to stabilise the emirate's struggling real estate sector. The tie-up between Aldar, which has been bailed out by the…

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