The new facility will be built in the Bismayah area of ​​Baghdad, Iraq and construction will take twelve (12) months and is expected to begin immediately.

BlackRock expects to capitalise a boom in demand from investors for alternative assets.

The disposal price represents a premium to the plot's book value.

The company founded by Konstantinos Doxiadis is a member of the Quest group and has subsidiaries in 5 countries.

The proposed acquisition demonstrates the scale and ambition of Masdar’s growth plans in the region.

The economic effective date of the Transaction is 31 December 2023 (“Effective Date”).