Cledor's Dynamic Growth: Amwaj International Secures 18% Stake
Deal News | Apr 22, 2025 | Zawya
Amwaj International, a global conglomerate, has acquired an 18% stake in Cledor, a Dubai-based real estate development firm. The move is part of Amwaj's strategic expansion into the UAE's growing real estate market, marked by strong foreign investment and increasing demand for luxury properties. Cledor, led by industry veteran Omar Gull, has achieved a Gross Development Value (GDV) of AED 2.3 billion within a year, with its first major project selling out in just four days. This partnership will leverage Amwaj's international resources and Cledor's local expertise to drive ambitious growth and explore new market opportunities in regions like Far East Asia and Eastern Europe. Namir El Akabi, the founder of Amwaj, expressed confidence in Cledor's rapid scale and potential to redefine the UAE's real estate landscape.
Sectors
- Real Estate
- Investment and Private Equity
Geography
- United Arab Emirates – The primary location for the partnership and investments is Dubai, UAE, which is experiencing a real estate boom.
- Iraq – Part of Amwaj International's existing real estate investments, illustrating the firm's diverse geographical presence.
- Far East Asia – Cledor is exploring prospective expansion opportunities in these high-growth regions.
- Eastern Europe – Cledor is considering potential market expansion in this region, signifying a strategic approach to global growth.
Industry
- Real Estate – The article revolves around significant activities in the real estate sector, including new investments and developments in Dubai's booming market.
- Investment and Private Equity – Involves Amwaj International's investment strategy and financial stake acquisition in Cledor, highlighting broader financial trends and mergers in real estate.
Financials
- USD 100 million – Post-money valuation of Cledor following Amwaj International's investment.
- AED 2.3 billion – Cledor's Gross Development Value achieved within a year.
- AED 435 million – Value of Cledor's first project which sold out in four days.
- USD 2.4 billion – Total investment by Amwaj in real estate assets in Iraq.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cledor | Target Company | Company | Dubai-based real estate developer focusing on luxury properties and rapid expansions. |
| Amwaj International | Bidding Company | Company | A multinational conglomerate making strategic entries into new markets, such as the UAE real estate sector. |
| Omar Gull | Leader of Cledor | Person | Founder of Cledor with significant experience in real estate developments in Dubai. |
| Namir El Akabi | Founder and Chairman | Person | Leading Amwaj International's strategic investment initiatives and global expansion. |
| Keel Comms | PR and Communications | Company | Handles media enquiries and communications for the involved entities. |