The establishment of Al Rostamani Pegel (ARP), through a joint venture with Gustav Pegel & Sohn, a 145-year-old German construction company based in Berlin, proved to be a timely move for the group. It positioned the group as a key player in the fastest-growing real estate sector in the world at the time.
During this period, Dubai witnessed an unprecedented boom, hosting more than 50% of all operational cranes globally. The group played a vital role in this construction expansion, contributing significantly to the sector’s success in Dubai and the UAE as a whole.
In just four years, Al Rostamani Pegel achieved significant milestones, which led to its transformation into a full-fledged construction enterprise in 2002 with a majority ownership by the group. In 2008, the group had full control of the company.
Al Rostamani Pegel completed several landmark projects that have become iconic symbols of Dubai’s architectural prowess including the Dubai Frame, Maze Tower, Tamani Hotel Marina, and many more noteworthy projects. Each structure highlights the group’s commitment to excellence and significant contributions to the city’s skyline.