SJM Group, Adventz Group partner for $272m project
His Highness Sheikh Juma Bin Maktoum Al Maktoum collaborates with Mr. Saroj Poddar, Chairman, Adventz group, India on $272m project
SJM Group will partner with Indian conglomerate Adventz Group through its real estate arm, Zuari Infra, to deliver a $272m real estate project by mid-2017.
His Highness Sheikh Juma Bin Maktoum Al Maktoum, Chairman, SJM Group, has established a joint venture with Saroj Poddar, Chairman, Adventz Group to deliver the project.
His Highness, Sheikh Juma Bin Maktoum Al Maktoum said: “We are delighted to partner with Adventz Group, who bring to Dubai their long standing heritage and expertise across diverse industries. Guided by the vision of the leaders of the UAE, SJM Group continues to invest in UAE’s dynamic real estate sector.
Saroj Poddar, Chairman, Adventz Group, India said: “UAE has been home to many Indians and its favourable trade policies allow Indian businessmen to continually strengthen their investment and confidence in the UAE market.”
Adventz group is one of India’s leading conglomerates with a multi-billion dollar portfolio across India and the globe.
The group forecasts to invest multi-billion dollars in the MENA region across sectors such as Agro Chemicals, Infrastructure, Real Estate and Lifestyle.