DOWN UNDER

UAE’s Arada buys Australian builder Roberts in $20M deal

Arada, a Sharjah-based firm co-founded by the son of Saudi Arabia’s Prince Alwaleed bin Talal, has been growing at lightning speed

Photo by Lewis Storey/Getty Images

The Sydney Opera House and Sydney Harbour Bridge.

UAE developer Arada has acquired the New South Wales state arm of Australian construction firm Roberts Co, investing $20 million to support its expansion in Australia and securing 700 jobs across its supply chain.

The Sydney-based builder...