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Adrian Cheng Taps into MENA, Collaborating with Dubai Royal Family to Advance Wafi City's Cultural & Commercial Presence
2025-12-11 18:56:35 ALMAD Group announced its official foray into the Middle East and North Africa (MENA) market, reaching a landmark strategic cooperation agreement with Dubai real estate magnate Wafi Group. The agreement was signed yesterday, December 10, by His Highness H.H. Sheikh Mana bin Khalifa Al Maktoum, Founder and Chairman of Wafi Group, and Dr. Adrian Cheng, Founder and Executive Chairman of K11 by AC, to jointly advance the Wafi City upgrade plan. Both parties will also establish a new business entity, Wafi Anime 11, integrating Wafi Group's over half a century of local heritage with the internationally renowned cultural retail innovation concept of ALMAD Group's K11 by AC brand, creating a cross-cultural business hub and initiating an epochal cooperation. This cooperation will propel Wafi City into a new chapter, combining cultural heritage with business innovation, further consolidating Wafi Group's leading position in creating distinctive retail, recreation, and leisure destinations in Dubai. Meanwhile, K11 by AC, a cultural, commercial, and entertainment concept under ALMAD Group, is highly attractive to the Middle Eastern market. The group is exploring the use of Wafi City and Dubai as expansion hubs to start a new chapter. ~ AAStocks Financial News Web Site: www.aastocks.com | |