Department of Finance—Abu Dhabi renews ADCP’s management contract

Abu Dhabi: The Department of Finance—Abu Dhabi (DoF) on Saturday announced the renewal of a management agreement signed with Abu Dhabi Commercial Properties (ADCP), a subsidiary of Abu Dhabi Commercial Bank, considering the successful partnership achieved during the past five years.

The announcement was made during a visit by Hamad Al Hurr Al Suwaidi, chairman of the Department of Finance, to the Abu Dhabi Commercial Properties’ headquarters.

Under an agreement signed with the Department of Finance—Abu Dhabi in April 2007, the bank was entrusted with responsibility over the Commercial Buildings Management, formally known as the Department of Social Services and Commercial Buildings ‘Khalifa Committee’.

The management of such buildings was in-turn assigned to the bank’s specialised subsidiary, Abu Dhabi Commercial Properties (ADCP).

The commercial buildings managed by the two companies are located in the capital Abu Dhabi, Al Ain City, Western Region, Sila and Delma Island.

This geographical spread of the properties has prompted ADCP to create an electronic system to track the rental operations and services of the buildings at their locations, via a devoted team of experts from the construction and property sectors.