ALDAR Properties recently announced that it was planning a major expansion and diversification program, including the development of 30 new hotels.
"We are planning to develop 30 hotels in the next seven years, some of which are to be operated by international chains, while others are to operated by ALDAR Hotel Management that will be announced soon," Ahmad Al Sayegh, chairman of ALDAR Properties, according to Gulf News.
"ALDAR is also participating with the government by developing 5,000 units out of the 15,000-unit Al Falah development," added Al Sayegh.
The company is also planning to launch Al Dar Academies, a company that seeks to develop 20 schools within five years.
