Amwaj International acquires 18% stake in Dubai-based Cledor at $100M post-money valuation
Summary
The funds will enable Cledor to support recruitment and manage operational expenses until its projects generate liquidity. Cledor will also leverage Amwajs global team of professionals, procurement network, and expertise to accelerate future growth.Dubais real estate sector recorded significant transaction volumes. With a tax-free income regime, ease of doing business, and a dynamic investment ecosystem, the city continues to attract international firms due to its regulatory and tax framework"Dubai provides the ideal environment for entrepreneurs to dream big and scale quickly," said Omar Gull, Founder of Cledor. Our partnership with Amwaj will further fuel our growth, allowing us to capitalize on Dubais booming real estate market. He has previously held key leadership roles including the Chief Sales Officer of Dubai Holding, Head of Sales at Emaar Properties, General Manager of Emaar Saudi Arabia, Head of International Business at DAMAC Properties, as well as prior consulting experience at JLL.