Abu Dhabi's ADQ Weighs Bid for Stake in Dubai's Largest Office Tower.

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  • Additional Information
    • Subject Terms:
      MIDDLE East; ABU Dhabi (United Arab Emirates)
    • Abstract:
      Abu Dhabi's wealth fund, ADQ, is considering bidding for a minority stake in Dubai's largest office tower, ICD Brookfield Place. The tower, located in Dubai's financial district, could be worth up to $1.5 billion. Other potential bidders include China Investment Corp. and Malaysia's KLCC Property Holdings Bhd. Demand for office space in Dubai has been booming, attracting high-profile businesses due to factors such as proximity to funds, ease of doing business, tax-free status, and a favorable time zone. ADQ is part of Sheikh Tahnoon bin Zayed Al Nahyan's empire and has emerged as one of the world's most influential businessmen. [Extracted from the article]
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