United Holdings is eyeing on acquiring stakes in a major construction firm BRM. BRM is having a portfolio of more than 200 projects worth $54 billion under its belt. United Holdings poised for buying 46 percent of BRM shares.
Embracing the strategy of making aggressive investment and expanding the business network from UAE to the global markets United Holdings have made a move to extend its geographic focus.
United Holdings are entering the allied industries as well by investing in construction and building material companies. The CEO of United Holdings said that buying stakes in BRM is the first of the strategic moves the company has on its agenda.
He also stated that they aim to diversify the investment portfolio from real estate to financial services, education, industry, healthcare and telecommunication