Sterling Ark, an independent integrated real estate advisory and project delivery firm, has announced a strategic alliance with Abu Dhabi-headquartered Ajyal Holding. Under the agreement, Ajyal Holding has acquired a 25 per cent stake in Sterling Ark.

The alliance is expected to provide Sterling Ark with a broader platform to pursue opportunities and expand its presence across the region. Ajyal Holding operates across real estate, contracting, fit-out, building materials and technology, among other sectors.

Sterling Ark provides end-to-end advisory and project delivery capabilities across real estate, logistics, hospitality, education, retail, industrial and healthcare sectors. The partnership seeks to combine the companies’ complementary capabilities to expand market reach and pursue new opportunities.

Sankey Prasad, Chairman, Sterling Ark, said, “Our alliance with Ajyal Holding marks an important step in Sterling Ark’s progress. It gives us greater scope to pursue new opportunities and build on our capabilities across the region. We see strong potential in bringing our respective strengths together to create long-term value.”

Ahmed M. Al Romaithi, Chairman, Ajyal Holding, said, “Ajyal Holding looks for opportunities to partner with businesses that have a clear sense of purpose and the ability to turn that vision into results. We see that quality in Sterling Ark and in Sankey Prasad’s leadership of the business. His experience in the region and understanding of the real estate sector give us confidence in the direction of the company and the value of this relationship.”

Rashid Al Romaithi, Vice Chairman and Managing Director, Ajyal Holding, added, “Our association with Sterling Ark reflects our belief in entrepreneurship and innovation as drivers of progress. We are pleased to formalize this relationship and look forward to developing it through practical areas of cooperation.”

Technology will also form part of Sterling Ark’s growth strategy and project governance approach. The company plans to use the alliance to strengthen its capabilities while responding to evolving requirements in the real estate sector.

Cherian Sankey, Group Managing Director – Strategy & Innovation, Sterling Ark, said, “Technology will remain central to how we build the business for the opportunities ahead. This alliance with Ajyal Holding gives us a solid base to pursue new opportunities across the region and build on our capabilities. Our focus is on creating a business that can operate at scale and respond to the changing needs of the real estate sector.