The Executive Council of Abu Dhabi has approved a framework between the Abu Dhabi government and Aldar Properties to implement government capital projects in the emirate, totaling $8.1 billion.
This came after a memorandum of understanding between Abu Dhabi Developmental Holding Company and Aldar, following a recommendation from the Executive Committee of the Executive Council of Abu Dhabi. This led to a rise in Aldar's shares by 8.4% in the Abu Dhabi market, with the share price reaching $0.98 after the announcement of the agreement.
