It gives me great pleasure to report on another successful year for Aldar Properties.
In 2018 the Abu Dhabi government announced important investments in key enablers for economic growth, further supporting the Emirate’s sustainable diversification strategy and creating a conducive environment for expansion. The benefits of this investment are already being felt on the ground, with Abu Dhabi’s economy expected to grow further in 2019 and beyond.
2018 was a momentous year for Aldar and an extremely proud and busy year for me personally as my first full year as CEO.
We completed three game-changing corporate actions during the year, plus a number of other significant achievements that set the stage for powerful future growth.
2018 has been another great year for Aldar, supported by a number of strategic initiatives that have started to feed into our financial performance over 2018 and will support further growth from 2019. Our financials remain robust, with solid revenue and net operating income growth of 2% and 3%, respectively, that delivered stable gross profit performance.