Construction & Real Estate

BlueFive Capital to acquire 70pc stake in UAE dredging company Gulf Cobla

Abu Dhabi-based BlueFive Capital has acquired a 70% stake in Gulf Cobla, a UAE-based dredging, land reclamation company. As part of the deal, BlueFive Capital will buy the entire 49% stake held by an affiliate of Saudi Binladin Group, together with a 21% stake from Dutco Group. ...