United Holdings buys stake in Dubai-based construction firm

Dubai-based investment company, United Holdings, has bough 46 per cent of stake in BRM, a Dubai-based construction company. BRM is the leading player in the UAE construction arena who has more than 200 real estate projects in the UAE, valued over Dh25 billion. Other strategic partners in BRM are Morgan Stanley Principal Investments Europe LLC and Al Nasser Investments LLC. The transaction was managed by Tier One Partners. Currently, it is handling over 30 real estate projects, especially in Dubai, for major clients such as Arabtec Construction, Khansaheb Civil Engineering, NASA Multiplex and Al Futtaim Carillion.