AssetCo cheers Abu Dhabi JV

2nd Nov 2009 10:59

Shares in AssetCo rallied after the support services firm announced a 10-year joint venture deal with the Abu Dhabi Government for the development and operation of a new Education and Training Facility.The JV will develop and manage a 100-acre multi-agency emergency services training centre.Chief executive John Shannon said: 'We are delighted to have been selected as the long term partner to Rabdan Academy and to have a key role in delivering a world class training solution to the various government agencies and private sector organisations who will use the facility.''This is the first of a number of projects we have been involved in since October 2007, and endorses our decision to commit a senior team to the Emirate.'