Abu Dhabi: Abu Dhabi Financial Group (ADFG), an investment firm, is planning to further expand into Eastern Europe and is looking for opportunities, the chief operating officer of the company told Gulf News.
“We’ve got active projects which are earmarked for different parts of Montenegro, Bulgaria and Serbia, and if it’s a right opportunity, we will definitely look into it for further expansion,” said COO Mustafa Kheriba on Monday.
He said the company’s commitment to the Eastern Europe is half a billion euros.
ADFG, in collaboration with Capital Investment, has opened the Capital Plaza, the largest mixed use real estate development in Montenegro last year.
Mustafa said Montenegro has great potential for investors with no restrictions on foreign ownerships.
“It is one of the fastest and hottest tourist destinations in the world. We are proud of our success story in the country. We are the only successful foreign direct investors in Montenegro that has completed the project Capital Plaza.”
Though the Eastern Europe is flush with opportunities but investment climate should be improved for further growth, he added.
The company founded in 2011 is primarily focused on financial services and real estate, in the GCC (Gulf Cooperation Council), UK and the Eastern Europe. It has assets under management of over $3.2 billion, with offices in Abu Dhabi, Dubai, the UK and Montenegro.
Last month, it has unveiled its plans for the redevelopment of New Scotland Yard following approval from the Planning Committee of Westminster City Council in London. ADFG acquired New Scotland Yard from the Mayor’s Office for Policing and Crime (MOPAC) for Dh2.1 billion in December 2014.
