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ESG Emirates Stallions Group (ADX: ESG), the leading investment, engineering, and construction services business and subsidiary of International Holding Company (IHC), has announced its strategic growth plan in the staff housing sector targeting new acquisitions before the end of this year.  

ESG move comes as the number of staff recruited to work in Abu Dhabi has risen sharply in the last six months with more new construction and infrastructure projects are planned and underway in the capital. 

ESG is looking forward to growing its proftibeilty across all business verticals after remarkable Q3 performance this year with AED 103m in profit, reaping the rewards from its business units and subsidiaries strong performance.

Matar Suhail Ali Al Yabhouni, Chairman of Emirates Stallions Group, said: "The staff housing market is set for solid growth next year as the capital is witnessing a new launches of mega projects. Investing in staff housing makes perfect business sense for our growth plan and shareholders. ESG team is nearly finished identifying a few good multi-million acquisition opportunities in the sector, and we will announce further details as we come closer to the deal signing."     

ESG is looking to grow its current staff housing portfolio value before the end of 2023.