The developer may invest between $1bn to $1.5bn in the next 12- to 18 months on acquisitions abroad and at home
Mubadala sold a 12 per cent stake in Aldar to Alpha Dhabi Holding
The offer values the Egyptian property developer at about $420m
The complex includes The Westin and an 18-hole championship course
The company expects more government projects to come its way
Aldar will also have management oversight of Musanada projects ranging from education, healthcare, infrastructure, social services and facilities management
The Abu Dhabi developer reported a net profit of $113.8 million in the second quarter of the year.
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