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Abu Dhabi-based Al-Qudra Holdings plans to launch at least three new companies to carry out build-operate-transfer (BOT) infrastructure projects. The company will unveil 30 new ventures by May, which include construction-related businesses and an air-conditioning company. Al-Qudra was established with a capital of AED 550 million ($149.7 million) in May 2005 and has majority stakes in six existing companies involved in project management, oil and gas training and simulation, real estate, hospitality and sports and education management (MEED 23:9:05). ‘We are positioning ourselves. We know the government will move forward with privatisation,’ says Al-Qudra chairman Salah Salem bin Omeir al-Shamsi, who was elected chairman of the Abu Dhabi Chamber of Commerce & Industry (ADCCI) in mid-January. ‘Abu Dhabi is a good place to do business. ADCCI will create the environment and we will do the business.’