Chatting with Bloomberg TV, Al Marzooqi mentioned the brand new Maktoum Airport will likely be of curiosity to Tabreed and added: “We’re deep-pocketed and if the chance arises, for certain, we’re going to pursue it.
“Hopefully, one thing else is coming. Tabreed has had fairly a major yr. We’ve announced our acquisition for Palm Jebel Ali, which is sort of two and a half instances bigger than Palm Jumeirah, and we mainly added Reem Island.
“We now have our eyes on some new upcoming enterprise in Dubai, particularly, the brand new Maktoum Airport.”
Al Marzooqi mentioned the energy of Tabreed’s new companions permits them to have a look at new acquisitions.
Requested if Tabreed will proceed to have a look at alternatives together with CVC DIF, he added: “That could be the case as nicely. We checked out a whole lot of buyers. CVC are very sturdy relating to infrastructure buyers. They run about AED81 billion value of property for pension funds and different infrastructure investments. So, we see them as a really, very sturdy companions. We had a bunch of different corporations that we sort of filtered out, and CVC DIF got here out because the strongest and the perfect companions in our JV.
“The gist of this factor is to maintain our funding grade, and this was one of many main drivers for us to companion up with the likes of CVC DIF.
“It should permit us to pursue new acquisitions as nicely, so long as our funding grade is stored stable. We will likely be funding it, a part of it from our money reserves and firm debt. It should unlock our potential for brand spanking new acquisitions. If the chance arises and we see that worth accretive for our shareholders, for certain, we’re going to pursue it.”