KBW Investments and Basma Group have announced the formation of ARADA, a partnership enterprise dedicated to the creation of prime residential properties. Headquartered in the UAE, ARADA focuses on “creating communities”, aiming to address the ever-expanding mid-market segment, said a joint press release by the two partner companies. The agreement was signed in Sharjah in December last year between HRH Prince Khaled bin Alwaleed bin Talal, founding Chairman of KBW Investments, and HE Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Basma Group.

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