"Holding – AdQ" and"Benari" Australian is a platform for investment and development in infrastructure

Abu Dhabi, February 25/ WAM/ “ADQ” and the “Plenary Group”, the independent and leading company in the field of investment and development, and management of joint infrastructure projects between the Australian public and private sectors, announced the establishment of “Blinari Middle East” to be a platform Common investment and development focuses on benefiting from the opportunities available in general infrastructure Social in high -growth regions in the Middle East and Central Asia.

Under the agreement between the two sides, the Middle East Benari will employ the partnership models between the public and private sectors to advance the wheel of sustainable development and economic growth in the targeted areas.

By combining advantages in the two sectors, these partnerships work to enhance the participation of the private sector in developing general infrastructure and value -added services, which allows the implementation of vital projects that provide sustainable social and economic benefits, especially in sectors such as education, transportation and health care.

Public and private partnerships can contribute to filling the financing gap in infrastructure projects worldwide, whose future needs are estimated at about $ 15 trillion by 2040, according to the “Global Infrastructure Outlook” report.

Hamad Abdullah Al Hammadi, the group’s executive vice president of the “ADQ”, said that the establishment of “Benari Middle East” is part of the “ADQ” strategy, which aims to provide a basic and global infrastructure for the development of economies and local societies.

He added that, through cooperation with the Benari Group, which specializes in implementing infrastructure projects, we look forward to taking advantage of the opportunities for partnership between the public and private sectors in our targeted markets and employing them optimally, by exchanging joint experiences in this field, with the aim of enhancing sustainable growth and giving greater value.

For his part, Paul Obnheim, Chairman of the Benari Group, expressed his aspiration for the opportunities that this partnership will provide, which will enable them to contribute to important projects in the current and new markets and accelerate the growth journey, stressing that the joint development and investment platform in the Middle East will contribute to strengthening the group’s expansion in markets New and open promising horizons for the two companies.

The establishment of the joint development and investment platform comes after the “ADQ” acquisition of a 49% stake in the “Benari” group in April 2024, which represents the first major investment of the UAE in an Australian company since the signing of the comprehensive economic partnership agreement between the two countries.

By enabling projects with a higher impact that achieve sustainable social and economic benefits, “Benari Middle East” will contribute to strengthening the “ADQ” endeavors to achieve a long -term value and financial returns for the Emirate of Abu Dhabi, and the joint investment and development platform will join the infrastructure and basic mineral sector that launched it launched “ADQ” recently.

With the expansion of the joint investment and development platform for its investment portfolio in the coming years, it will be able to take advantage of the established position of “ADQ” at the international level, as well as the distinguished experiences of the Benari Group.

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