Dentons advises Imkan on acquisition of 51% stake in Majestic Marine Investments Group LLC

Abu Dhabi—Dentons has advised Imkan, a leading global master developer and subsidiary of Abu Dhabi Capital Group (ADCG), on its strategic acquisition of a 51 per cent stake in Majestic Marine Investments Group LLC (Majestic Group), a leading marine engineering and marina construction company operating across the UAE and Saudi Arabia.

The transaction enhances Imkan’s in-house marine construction capabilities, enabling it to support the delivery of waterfront, marina and coastal development initiatives across the UAE and the wider Gulf Cooperation Council (GCC) region. Majestic Group’s expertise and project portfolio — with over 200 delivered marine projects and a workforce of more than 400 professionals — will complement Imkan’s existing property development platform and support its long-term growth strategy.

“We are delighted to have advised Imkan on this strategically significant transaction. Integrating Majestic Marine’s capabilities into Imkan’s development platform enhances the group’s ability to deliver large-scale waterfront and coastal projects with greater control, efficiency and quality. This deal underscores the importance of strong legal and commercial structuring in supporting long-term, differentiated growth in the region’s dynamic property development market”, said Ross Barfoot.

The Dentons team advising on the transaction was led by UAE-based corporate partner Ross Barfoot, with support from Gargi Bohra (lead associate), and further competition-related support from partner Melanie Martin and the Dentons Middle East Competition team.