Plenary Group has completed a strategic deal with ADQ, a global sovereign investor, with ADQ acquiring a 49% stake in the company.

The transaction marks the first major inbound investment from the United Arab Emirates into an Australian company since the signing of the Australia-UAE Comprehensive Economic Partnership Agreement, further reinforcing bilateral ties between the two nations. The investment also positions Plenary to expand its presence in other priority regions, including the Middle East, Asia, the United Kingdom, Ireland and Europe. As part of the agreement, Plenary and ADQ have established a co-development and investment platform, Plenary Middle East, which will focus on public and social infrastructure opportunities in high-growth regions across the Middle East and Central Asia. 

Plenary has already achieved significant early success in the UAE since expanding to the region in 2022. It has been awarded three contracts to date, including the country’s first schools’ infrastructure public-private partnership, the Zayed City Schools project, which is now operational.