Car parking group formed

28 July 2006

Al-Qudra Holding and Al-Malik Group, both local, have established a new company, Q Car Park, to build and maintain car parks across the federation and the Gulf. The company will develop new parking facilities on a build operate transfer (BOT) basis. The company is the latest to be established by Al-Qudra aimed at providing public services.

In March, it formed Emirates Utilities Company Holding with Utilities Development Company Holdings, a subsidiary of Kuwait-based Kharafi Group (MEED 3:3:06).

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