Abu Dhabi United Group - Who Are They?

Having suprised the world of football with the £200million take over of Man City , the workinproperty new team has looked into who the Abu Dhabi United Group are and what else they owny.

Abu Dhabi United Group for Development and Investment (ADUG) is the investment arm of the Abu Dhabi royal family. ADUG is expected to be represented on the new Man City board by Dr Sulaiman Al Fahim , the chief executive officer of Hydra Properties.Hydra has signed over US$2 billion worth of projects, and has become one of the region’s fastest growing property companies, with major projects planned in Dubai and Abu Dhabi.

The Abu Dhabi United Group is part of the oil rich state’s sovereign wealth fund ADIA which manages £500billion of assets and is the world’s second biggest institutional investor, behind the Bank of Japan. Amounst other things they own Berkeley Square and the Excel Centre in London and have recently purc hased a stake in Ferrari.