ALDAR introduces novel payment management system for real estate projects
ALDAR Properties, the leading Abu Dhabi-based integrated property, investment and management company, is introducing a new payment management system that is set to revolutionize cash flow management and cost effectiveness of construction projects in the UAE and the region.
The will be introduced by a joint venture between ALDAR Properties and Textura Corporation, the creator of the new payment management process in the construction industry.
Ronald Barrott, CEO, ALDAR Properties, said, "The new joint venture reflects ALDAR's commitment to continuously improving the cost effectiveness of our diverse operations".
The joint venture will provide the technology within all ALDAR developments. Besides, it will also be made available to other real estate developers in the region. The joint venture will seek to capitalize on the construction market in MENA region, estimated at about $2 trillion. |
