Aldar, Sorouh Consider $15 Billion Abu Dhabi-Backed Merger

Aldar, Sorouh Consider $15 Billion Abu Dhabi-Backed Merger

Duncan Chard/Bloomberg

A high-rise building, developed by Sorouh Real Estate, stands on Al-Reem island in Abu Dhabi. Aldar and Sorouh shares have rallied this year after Abu Dhabi, the oil-rich emirate transforming itself into a business and cultural hub, said it plans to resume stalled projects including branches of the Louvre and Guggenheim museums.