Abu Dhabi-based developer, Imkan, has acquired a 51% stake in Majestic Marine Investments Group.
The acquisition is set to strenthen the developer’s in-house marine construction capabilities, supporting waterfront and coastal developments across the UAE and wider Gulf region.
The transaction will enable the company to integrate marine engineering, marina construction and offshore works into its development platform.
Majestic Marine Investments Group was founded in the 1980s and has since delivered more than 200 marine projects valued at more than $270 million.
The company employs a workforce of more than 400 across the UAE and Saudi Arabia. The company specialises in marina construction, infrastructure and coastal engineering works.
Efficiency and quality control
Imkan said the acquisition will allow it to integrate its marine experience into its development platform, supporting the delivery of large-scale waterfront communities and mixed-use projects.
The move is expected to reduce reliance on external contractors while enhancing efficiency, quality control and project timetables.
Suwaidan Al Dhaheri, chief executive of Imkan Properties, said the deal will support the delivery of high-quality developments while positioning the company for long-term growth in a sector that is expected to continue expanding in the Gulf.
Imkan is a subsidiary of Abu Dhabi Capital Group and has built a portfolio of 26 projects spanning five countries.
Financial terms of the transaction were not disclosed.
