Abu Dhabi groups ANC Holdings and Flag Holdings acquired 51% stake in Atlantis and Ski Dubai Contractor

Wouldn't a company that has been behind themed construction projects like Madinat Jumeirah, Ski Dubai and Atlantis Dubai be a nice target for investment? Well, it just received some.

Construction Week Online just reported that Abu Dhabi based ANC Holdings and its partner,> Flag Holdings, have together bought up a controlling 51% stake in themed contractor Amusement Whitewater AWW. (The amount is not yet disclosed. They are reporting that they have "put aside up to US $272 million for the development of themed projects over the next 12 months". Big money!) They used to make good money as well: Their Atlantis contract was worth $25 million.

(You can download our directory of investment firms in the Middle East for a list of investment firms in Abu Dhabi)