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Masdar Projects January 2009

The document discusses several green energy and infrastructure projects underway in Abu Dhabi: 1) Masdar City, Abu Dhabi's $22 billion carbon-neutral, zero-waste city, will continue as planned despite the global economic crisis due to reduced costs and strong government support. 2) The Palm Monorail in Dubai, a 5.45km track connecting stations along the Palm Jumeirah, will begin passenger service in April 2009 after its first official trip was made by officials. 3) Abu Dhabi Polymers Park is seeking $100 million in joint venture partnerships and plans to generate $4.5 billion in plastics industry investments by 2015.

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0% found this document useful (0 votes)
217 views12 pages

Masdar Projects January 2009

The document discusses several green energy and infrastructure projects underway in Abu Dhabi: 1) Masdar City, Abu Dhabi's $22 billion carbon-neutral, zero-waste city, will continue as planned despite the global economic crisis due to reduced costs and strong government support. 2) The Palm Monorail in Dubai, a 5.45km track connecting stations along the Palm Jumeirah, will begin passenger service in April 2009 after its first official trip was made by officials. 3) Abu Dhabi Polymers Park is seeking $100 million in joint venture partnerships and plans to generate $4.5 billion in plastics industry investments by 2015.

Uploaded by

Kim Hedum
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 12

January 2009

Issue No. 21

Abu Dhabi
Goes
GREEN
Abu Dhabi will press ahead with a US$22 billion
project to build a green energy city taking advantage of
the fallout of the global crisis. The world's first carbon-
carbon
neutral, zero-
zero-waste Masdar City due to be completed
by 2016 is seeking to benefit from cost reductions, a
lack of business opportunities elsewhere and strong
government support…Continued…PP3

Inside this Issue: Page


• Abu Dhabi Polymers Park looks to invest Dh367 million 2
• Khalifa Fund to finance 100 new businesses 2
• MASDAR Goes Green City 3
• Palm Monorail to start Q2 2009 3
• Al Gharbia 2030 strategy ready soon 4
• IREIS takes Place in Abu Dhabi Jan 27-
27-29 5
• Nathalie Criniere Wins Louvre Design Competition 6
• Formula 1 circuit ready by summer 2009
8
Published By
Information & Decision Support Center
For Free Subscription to PROJECTS Newsletter
Email us at: [email protected]
Projects Issue No. (21) January 2009

Abu Dhabi Polymers Park looks for $100m joint venture partner
Abu Dhabi Polymers Park (ADPP) is in talks with potential joint
venture partners over investments worth around Dh 367 million
(US$100m).

Some 30 per cent of the area of the park has already been taken up, at a
total investment of Dh 1 billion (US$272m).

"We are targeting to go with a couple of joint venture partners, targeting


investments of about US$100m," says ADPP vice president Mohammed
Al Qazmy. "We have initiated a couple of discussions with potential
partners which will be announced within 2009." Forming an alliance
with a major international logistics company is one of ADPP's top
priorities alongside technical support services.

Al Qamzy says that 30 per cent of the total 4.5 square kilometer park within Abu Dhabi Industrial City has already been
allotted. "Today I am happy to say that 30 percent of the allocated areas of the polymers park has already been confirmed to
investors coming within the polymer park. This is only six months [since the project was announced]."

ADPP is a subsidiary of Abu Dhabi Basic Industries Corporation (ADBIC) and is expected to generate up to $4.5bn in
investment from the plastics conversion industry by 2015.

If the project goes to plan, it will be the world's largest plastics conversion cluster, producing more than 1 million metric
tonnes a year of plastics in 50 conversion units by 2012.

Earlier in January, ADPP completed a joint study with Danish logistics provider Maersk on the feasibility of providing
supply chain services at the park, with results expected to be published Q2 of 2009.

(MEED 14/01/09)

Khalifa Fund to finance 100 new businesses in Abu Dhabi


Abu Dhabi-based Khalifa Fund will continue to inject funding into 100 new projects this year in small
and medium enterprises (SMEs) and growth sectors such as manufacturing and tourism in the emirate.

Dr. Halah El Sokari, Director of Strategy and Planning for the Khalifa Fund, said: "Despite the financial crisis and business
slowdowns in other places in the region and the world, nothing has changed in our five-year strategic plan.

"We are continuing to inject funding into a 100 new SME projects this year and plan to go on doing so every year over the
next five years. We will also be introducing an equity participation model in the form of a venture capital fund. We would
like to promote enterprises in the priority sectors outlined in the Abu Dhabi Vision 2030, that are actively managed and
operated by UAE nationals."

El Sokari said the fund was planning ahead to identify future opportunities for SMEs, particularly those arising as a result of
the major industrial push and growth that the emirate is planning.

The Khalifa Fund has three programmes. The first – Khutwa – means 'first step' in Arabic – offers financing of up to
Dh250,000 for UAE nationals in remote areas or who work from their homes. The second is called Bedaya – means
'beginning' in Arabic – offers a minimum of Dh250,000 and a maximum of Dh3 million to start SMEs. The third, Zeyada –
meaning 'additional' in Arabic – offers funding for businesses which have already been set up but are in the early stages, and
have goals to expand.

The funding programmes have been set up to address the gaps in the market when it comes to financing the inception and
early stages of a business. "We are not here to take over the role of the banks or financial institutions, though," El Sokari said.
The Fund is open for UAE nationals who are in the early stages in their business.

(B24/7 10/01/09)
Abu Dhabi Chamber of Commerce & Industry-Information & Decision Support Center 2of12
Projects Issue No. (21) January 2009

Abu Dhabi to press ahead with green city

Abu Dhabi will press ahead with a US$22 billion project to build a green energy city taking advantage of the fallout of the
global crisis. The world's first carbon-neutral, zero-waste Masdar City due to be completed by 2016 is seeking to benefit
from cost reductions, a lack of business opportunities elsewhere and strong government support.

"Because of the global crisis, there are no opportunities or fewer ones for green companies in other parts of the world and
Masdar City is becoming attractive as it is one of the few markets not impacted," said Khaled Awad, director of property
development, Abu Dhabi Future Energy Company.

"We will not scale back on our spending because there have been major cost reductions in one year and our project cost is
also going down," he said, adding that raw material and other development costs are falling steadily. The Abu Dhabi
government and its funding have guaranteed cash flows to the property development side.

The project is set to create 50,000 jobs in Masdar City.

"On the macro side, Masdar city will add 2 % to Abu Dhabi's GDP and it will also add to revenues on
the financial side."

(TR 18/01/09)

Palm Monorail to start service in April 2009


Nakheel hosted a delegation from the Roads and Transport Authority
(RTA) on the Palm Monorail's first official journey, and the developer
has confirmed that the service will open to the public in April this year.

The delegation, led by RTA CEO Abdulmajid Al Khaja, travelled from


Gateway Station at the trunk of the Palm Jumeirah to Atlantis Aqua
venture Station at the other end of the track. The 5.45km trip took eight
minutes.

"On the first official journey between the Gateway and Atlantis stations,
representatives from Nakheel and RTA were able to experience this
fabulous example of modern transportation, design and construction,"
said Nakheel CEO Chris O'Donnell.

"We have been working very closely with our strategic partner – the RTA – since the Palm Monorail's inception. Our co-
operation with the RTA extends as far as a joint ticketing system that will enable a holder of an RTA fare card to pay for
journeys on the Palm Monorail."

"Together Nakheel and the RTA have focused on delivering a service, which will enhance the other transportation projects
currently under way in Dubai." NEC has a team of about 500 professionals and skilled workers leading its projects in the
UAE. To support its growth strategy, the company has already mobilized manpower and machinery to the UAE including 22
heavy-duty rigs, 18 cranes and 15 Vibro Hammers — the first of its kind by a new entrant to the market, Antony David said.

(KT 02/01/09)

Abu Dhabi Chamber of Commerce & Industry-Information & Decision Support Center 3of12
Projects Issue No. (21) January 2009

Al Gharbia 2030 a future rooted in tradition


The road to the Western Region is long; the view, a featureless, austere landscape.
Containing the country’s highest sand dunes and richest oil reserves, this area, now called Al
Gharbia, remains one of the UAE’s least developed areas.

As such it offers a virtual blank canvas to the planning experts now in the process of putting together Plan Al Gharbia 2030,
the document that will guide all development in the Western Region, ensuring it falls in line with the emirate-wide Plan Abu
Dhabi 2030.

Launched in September 2007, the 2030 plan contains guidelines and a framework for all elements of urban development, to
which every new building project must adhere. In the case of Al Gharbia, its authors must tread a fine line – allowing
residents the opportunity to enjoy the benefits of a thriving modern existence while preserving the natural wonders that
define the region.

Held in November, the first Plan Al Gharbia 2030 brainstorming workshop established a preliminary framework, which
will be presented to the Crown Prince later this month, after which a series of public consultations will take place in the
region.

The Abu Dhabi Urban Planning Council (UPC), the Western Region Development Council (WRDC) and the Western Region
Municipality are among the bodies drawing up the plan. Adnoc also plays a significant role in its creation, employing a large
proportion of working Al Gharbia residents. A 60,000 square kilometer area, the Western Region possesses fragile coral reefs
and other natural areas including the Sir Bani Yas nature reserve and the Liwa Oasis.

Mohammed Ebrahim al Hosani, acting director of regional development at the WRDC, said one of the greatest challenges
in creating the Al Gharbia 2030 plan would be achieving a balance between preserving ecological integrity and intense
urbanization. “The area is so huge and the potential in Al Gharbia for the power industry, oil and gas, energy and tourism is
so high.” “But we also have the reserved natural areas, a critical zone; the [Al Gharbia 2030] plan won’t limit the
development that can happen there, but it will have to guide it.”

Some of the most recent developments in the region have been tourist destinations, namely Sir Bani Yas Island and Qasr Al
Sarab – a five-star desert retreat conceived by the Abu Dhabi Tourism Development and Investment Company.

Mr. Al Hosani said tourism would be an important element of the development plans but that basic infrastructure needs
would have to be met first. “We need community services and infrastructure on an urgent basis,” he said. “The plan will
outline the criteria for all the development, not just technical, financial and environmental, but also social, cultural criteria.”

Falah al Ahbabi, general manager of the UPC, said Al Gharbia’s development process would be slower than in the rest of
the country. The scale of developments will be lower than in Abu Dhabi or even Al Ain, with mostly low-density projects.

Traditionally, few private sector jobs have been available in the region. The population is only around 120,000, a number
authorities hope to increase as the development process gets underway. By 2017, they hope to attract about a million visitors
each year. Its designers say the Plan Al Gharbia 2030 will encourage public-private partnerships and outsourcing of
services to reinvigorate the local economy and increase the quality of life for residents.

Job creation will focus on the construction, oil and gas and agriculture industries as well as on public administration and
affordable tourism. Bucking the national trend of building one luxury tourism destination after another, Al Gharbia
authorities want to establish the area less as an exclusively high-end destination and emphasize its natural assets. Plans are
also in place to market Al Gharbia as a destination for UAE residents’ second homes. Rather than speeding up the slower
pace of life in the Western Region, this characteristic will be marketed as one of the advantages of life in this part of the
emirate.

"Quality of life is the ultimate goal the Plan Al Gharbia 2030 needs to achieve," said Mr. Al Hoosani.

Abu Dhabi Chamber of Commerce & Industry-Information & Decision Support Center 4of12
Projects Issue No. (21) January 2009

Daily Seminar on Real Estate at IREIS 2009 Show


A daily seminar on the real estate sector will be organized during the upcoming IREIS 2009 real estate and investment show
held in Abu Dhabi in January.

The seminar will cover the latest developments in the real estate sector in the UAE and at regional and international levels,
said Dome, which is organizing the January 27-29 exhibition under the patronage of H.H. Dr. Sheikh Sultan bin Khalifa bin
Zayed Al Nahyan at the Abu Dhabi National Exhibition Centre.

"Dome decided to hold this seminar on a daily basis during the exhibition given the importance of discussing such a subject
by experts and chief executives of major property developers in the UAE and the region," said Antoine George, Executive
Director of Dome.

"This show and the accompanying seminar are of utmost significance at this time for all those concerned with the real estate
sector, mainly property developers, contractors, suppliers and others." George referred to the recent measures taken by the
UAE to ensure sufficient liquidity to local banks and to mergers among real estate financing companies, which he said would
make them more capable of dealing with financing requirements in this important sector in the coming stage.

News about an expected growth in liquidity in the first quarter of 2009 will give a strong push to the financing activities in
the real estate sector in Abu Dhabi and UAE. The recent correction in the real estate sector has created significant investment
opportunities, which will be underscored during IREIS 2009.

"IREIS 2009 will be an opportunity to see the latest projects in the real estate sector in the UAE and the entire region," Dome
said. "Through this strong participation by many companies, the event is expected to be an ideal place for signing major
property deals given the fact that this show is the first event specialized in finalizing deals between property developers,
investors and end users."

(WAM 04/01/09)

Al Fajer Properties Announces Orders for Dh 245 Million Worth of Aluminum and Glass
Al Fajer Properties (AFP) announced orders worth Dh 245 million (US$66.8m) for aluminum and glass for its world class
Jumeirah Business Centre (JBC) towers projects.

AFP is the premier developer in the Dubai World DMCC Jumeirah Lakes Towers (JLT) community and is the only
developer to include a 5 floor atrium within the lobbies of its towers. JBC, situated within a free-zone, offers high end
commercial properties attracting both large local companies and multi-national organizations from around the world.

In line with Dubai's vision for greener more environmentally friendly buildings, AFP is also pleased to announce that by
using the latest technologies and materials, its latest towers will be in compliance with the Green Building Regulations
promoting a brighter, cleaner Dubai.

Work is well underway on its Phase 1 projects with aluminum and glass materials expected to arrive early February 2009
allowing cladding to start immediately. For Phase 2 (including the Ebony and Ivory project - a themed series of 2 all white
and 1 all black specialty glass cladded collection of towers) the excavation, dewatering, shoring and piling has been
completed and the green consultant has recently been appointed to ensure all requirements of the Environment, Health and
Safety department are met.

"Under the terms of the order, AFP has placed a contract value of approximately Dh 154 million (c.US$42m) with Shenyang
Yuanda Aluminum Industry Engineering Co. Ltd. (Dubai Branch) for six of its nine towers. The contract for the remaining
three towers in the office chain series has been awarded to Reem Emirates Aluminium at an estimated contract value of Dh
91 million (c.US$24.8m).

(MW 10/01/09)
Abu Dhabi Chamber of Commerce & Industry-Information & Decision Support Center 5of12
Projects Issue No. (21) January 2009

Nathalie Crinière Wins Louvre Abu Dhabi Design Competition

Agence France-Museums, in partnership with Abu Dhabi's Tourism


Development & Investment Company (TDIC), today announced that the
firm of Nathalie Crinière has been selected to create the exhibition
design for the Louvre Abu Dhabi, one of the five major institutions
being planned for Abu Dhabi's Saadiyat Island Cultural District.
Nathalie Crinière was awarded the project through a competition among
six invited design firms.

In addition to conceiving the design of the permanent collection


galleries and integrating it with the architectural design by Jean Nouvel,
Nathalie Crinière will develop a graphic identity for the Louvre Abu
Dhabi and design the lighting, curatorial and directional signage, and
multimedia elements.

The exhibition design competition was organized by Agence France-Museums, which is implementing the agreement
between the governments of France and Abu Dhabi that has established the Louvre Abu Dhabi, and TDIC, the developer of
Saadiyat Island into a signature cultural, leisure, and residential destination.

The competition jury panel was chaired by His Excellency Sheikh Sultan Bin Tahnoon Al Nahyan, Chairman of TDIC, and
included Henri Loyrette, director of the Musée du Louvre; Bruno Maquart, general director of Agence France-Museums;
Jean Nouvel, architect; Lee Tabler, CEO of TDIC.

The Louvre Abu Dhabi is being developed through a 30-year accord between the governments of France and Abu Dhabi.
Scheduled to open in 2012/2013, the Louvre Abu Dhabi will present important archeological artifacts and major works of
fine arts and decorative arts from cultures around the world and from all historic periods.

"In partnership with the French Government and Agence France-Museums, we are moving steadily forward in realizing the
Louvre Abu Dhabi," says H.E. Sheikh Sultan Bin Tahnoon Al Nahyan. "We look forward to continuing this momentum and
breaking ground for the museum in the first half of 2009."

The 260,000-sq.-ft. museum will include 65,000 sq. ft. of galleries devoted to permanent installations and 22,000 sq. ft.
reserved for temporary exhibitions. The exhibitions in the permanent galleries will be drawn from the collections of the
Louvre and other eminent French public museums and cultural institutions, including Centre Pompidou, Château de
Versailles, Musée d’Orsay, Musée Rodin and Bibliothèque Nationale de France. Over time, the Louvre Abu Dhabi will also
develop its own distinctive permanent collection.

Nathalie Crinière has conceived of a design that will bring these works to life, while merging seamlessly with an architecture
that Jean Nouvel has described as an "island on the island" -- a micro-city of small buildings, ponds and landscaping, covered
with a lacy dome "which lets a diffuse, magical light come through in the best tradition of great Arabian architecture."

The other firms invited to participate in the competition by Agence France-Museums included Adrien Gardère, Antoine
Stinco, Reza Azard Société Projectiles, Adeline Rispal, and Didier Blin.

(TN 02/01/09)

Abu Dhabi Chamber of Commerce & Industry-Information & Decision Support Center 6of12
Projects Issue No. (21) January 2009

Aldar board to meet on January 28


Aldar Properties, Abu Dhabi's biggest real estate developer by market capitalization board of directors will meet on January
28 to take stock of the company's financial performance in 2008.

"At this meeting, the board of directors will consider, and if appropriate, approve the financial accounts of the company for
the period January 1 to December 31 2008," Aldar said in a notice to the Abu Dhabi Securities Market, where it is listed.

So far, Aldar has not slowed down or put on hold any of its projects due to the global financial crisis. Neither has it laid off
staff to cut costs.

(GN 07/01/09)

Aldar appoints Sami Asad as COO


Aldar Properties PSJC, Abu Dhabi's leading property development, investment and
management company, today announced the appointment of Sami Asad as Chief Operating
Officer with immediate effect.

Sami has been acting COO since October 2008, having originally joined Aldar as Technical
Director in September 2008. Previously he was Deputy Vice President of Projects at Dolphin
Energy for 5 years and before that occupied various managerial positions at ADNOC
commenting on the announcement, John Bullough, CEO of Aldar, said:

"Over the past four months, Sami has demonstrated exceptional capabilities and I am
delighted that he has accepted this position. He will be a major asset to the Aldar executive
team."

(Ameinfo 11/01/09)

Abu Dhabi Chamber of Commerce & Industry-Information & Decision Support Center 7of12
Projects Issue No. (21) January 2009

Navayuga to Expand to Dubai, Oman


Navayuga Engineering Co. (NEC), one of the leading construction companies headquartered in India, is planning to expand
to Dubai and Oman this year, after consolidating its presence in Abu Dhabi.

The company which forayed into the UAE market in early 2008 had won two major contracts for infrastructure work of
prestigious City of Lights project in Abu Dhabi in 2008. The company has already completed work on the first project, and is
currently undertaking another project work for the City of Lights.

“We will focus on the Middle East market to attain a projected turnover of Dh 800 million by the end of the New Year. NEC
also plans to diversify the business to include infrastructure related works such as flyovers, underpasses, and metro and
marine works.” Antony David, General Manager, Navayuga.

Emphasizing that the successful completion of the first project has reiterated NEC’s competencies in delivering projects as
per schedule, he said the key to construction works in the current financial scenario is to optimize resource use efficiency and
maximize productivity through economies of scale. NEC has a large roster of modern equipment and skilled manpower, and
by rationalizing the use of resources, NEC have been able to contribute to the overall developmental efficiency of the
projects we undertake.

NEC has a team of about 500 professionals and skilled workers leading its projects in the UAE. To support its growth
strategy, the company has already mobilized manpower and machinery to the UAE including 22 heavy-duty rigs, 18 cranes
and 15 Vibro Hammers — the first of its kind by a new entrant to the market, Antony David said.

(KT 02/01/09)

F1 circuit ready by summer 2009


The first phase of Yas Island, which includes the Dh1.46 billion (US$397 million) Formula One grand prix circuit, will be
ready by the summer 2009, according to Aldar Properties, the project’s developer.

“All of the Yas Island phase one will be finished this summer, with obviously the Formula One grand prix circuit, the
infrastructure, seven hotels, a major marina, the yacht club, a golf course,” said John Bullough, the chief executive of
Aldar. “The Yas Marina will be flooded in the spring. Everything is going to be finished well ahead of the race.”
Abu Dhabi is the second city in the Middle East to host a Formula One race, after Manama in Bahrain. The Abu Dhabi
Grand Prix will be held on Nov 1.

The man-made island will also house a Ferrari theme park and a water park. The project is located opposite Al Raha
Beach, another flagship development of Aldar. Referring to the developer’s other project, Mr. Bullough said phases under
development would be completed according to schedule but he suggested that further phases would take more time due to
market changes.

Construction costs have dropped significantly recently, with the price of steel rebar falling from Dh6,200 a tonne in July
to about Dh1,800 on today’s market.

(TN 22/01/09)

Abu Dhabi Chamber of Commerce & Industry-Information & Decision Support Center 8of12
Projects Issue No. (21) January 2009

DIP launches luxury 'Sunset' development


Dubai Investment Properties (DIP) launched a multi-million 'Sunset' mixed-use development project in Dubai.

The Sunset development will include a high-end luxury shopping mall, boutique offices and lavish residential apartments in
the heart of Dubai, along beach road in the upscale Jumeirah 3 neighborhood and stretching out into the waters of the
Arabian Gulf.

"Sunset will be a unique development combining the best in architecture and the latest 'green' technology initiatives. It will be
a real piece of art, where sophisticated, intellectual and brand-conscious customers can indulge their tastes for opulence and
high living, with exclusive facilities and services. Sunset will set new standards in shopping in Dubai," says Francois Faure,
Executive Director, DIP.

With the launch of Sunset, Dubai Investment Properties plans to set a new parameter in luxury retail experience in Dubai.

Sunset Mall will host over 97 outlets with a strong mix, including new high-end retail store concepts as well as international
boutique brands.

The mall will also offer customers VIP services and fine dining experiences with gourmet food restaurants, all of which will
offer panoramic views of the Arabian Gulf.

(KT 02/01/09)

Sweet Homes awards Dh450 million contract


Sweet Homes, a leading UAE-based developer and total solutions provider to the real estate sector, has awarded a Dh450
million contract to Sharjah-based Master Civil Construction Company for the construction of Towers B10, B14 and B15 -
three out of the nine towers comprising its Dh1.7 billion Rainbow Towers project.

The move follows the completion of a Dh12 million shoring and excavation contract undertaken by Piling Tech LLC for the
initial groundwork of the three towers.

The high profile residential project in Emirates City in Ajman marks the developer's first project in the UAE, and is set for
completion by the last quarter of 2010.

The contractor has committed to complete construction within 24 months through its team of engineers, project managers,
site supervisors, quantity surveyors and construction workers that have been assigned to the project. The developer has also
named Eng. Adnan Saffarini Office, a leading international engineering consultancy firm, as the design and supervision
consultant for the project.

Rainbow Towers is expected to bear the hallmark of the contractor's high quality construction, evident in ongoing projects.

"Rainbow Towers is our first real estate venture and it is only fitting that we partner with the best and most experienced firms
to ensure the implementation of best-of-breed industry standards in our projects' construction processes," said Fahad Sattar
Dero.

In addition to the development's highly accessible location and top-notch facilities, it has also caught the attention of
investors through its unique and highly flexible four-year self-financed payment scheme.

(GN 06/01/09)

Abu Dhabi Chamber of Commerce & Industry-Information & Decision Support Center 9of12
Projects Issue No. (21) January 2009

Aldar to commission 7 hotels on Yas Island


The Abu Dhabi Tourism Authority, which regulates the hotel industry in the emirate, said that Aldar Properties will
commission seven hotels on the Yas Island by November 2009.

The commissioning will be in time for the UAE capital hosting the final round of the 2009 Formula One Grand Prix during
the month.

"The hotels - four 5 star properties, one 4 star and two 3 star - together will boost Abu Dhabi's accommodation inventory by
2,298 rooms and its food and beverage stock by 30 outlets, including 20 individual restaurants."

Aldar is working towards meeting the objective of opening the hotels for the Formula One Grand Prix. The construction of
the hotels on the Yas Island started during the last quarter of 2007 and are on track to complete them on schedule."

Aldar development of real estate projects across its portfolio in the emirate of Abu Dhabi is estimated to have exceeded
Dh264.47 billion ($72 billion) in terms of value with the entire portfolio slated to be completed and delivered over a period
of seven to 10 years.

Abu Dhabi is developing itself as a major global tourist destination and expects its tourist arrivals to increase to 2.7 million
visitors annually by 2012.

The emirate is expected to have 25,000 hotel rooms by 2013 to accommodate the projected influx of the tourists, two years
ahead of the official target.

(GN 27/01/09)

Abu Dhabi Chamber of Commerce & Industry-Information & Decision Support Center 10of12
Projects Issue No. (21) January 2009

Major Companies Mentioned In Publication


Company Tel Fax Website

Aldar Properties 02 6964444 02 6417501 www.aldar.com

Nakheel 04 3903333 04 3903314 www.nakheel.ae

Tourism Development
02 4443000 02 4443111 www.tdic.ae
Investment Company

Al Faraa Properties 04 3961118 04 3964448 www.alfaraaproperties.com

Arabtec Construction 04 3400700 04 3404004 www.arabtecuae.com

Majid AL Futtaim 04 2949999 04 2940999 www.majidalfuttaim.com

Tameer 04 6010600 04 6010611 www.tameer.net

ETA Star 04 2687222 04 2623291 www.etastar.com

Dubai Properties Group 04 3900094 04 3904640 www.dubai-properties.ae

Union Properties 04 8851555 04 8852666 www.up.ae

ADIH 02 6811233 02 6811844 www.adih.ae

Mizin 04 3752400 04 3752400 www.mizin.ae

East & West Real Estate 02 6677774 02 6677774 www.dasholding.ae

Abu Dhabi Chamber of Commerce & Industry-Information & Decision Support Center 11of12
Projects Issue No. (21) January 2009

Major Companies Mentioned In Publication


Company Tel Fax Website

Dubai Lifestyle City 04 3490444 04 3490444 www.dubailifestylecity.ae

Deyaar 04 3297667 04 3296163 www.deyaar.ae

Meraas Holding (800) 637227 04 5114995 www.meraas.com

Rufi Real Estate (800) 7834 04 2247362 www.meraasdevelopment.ae

DIFC 04 3622222 04 3622333 www.difc.ae

Abyaar Real Estate 04 4232100 04 4232150 www.abyaar.com

Aqaar Real Estate 06 7422242 06 7422243 www.aqaar.com

Mayaden +9654759999 +9654752507 www.mayaden.com

Abu Dhabi Chamber of Commerce & Industry-Information & Decision Support Center 12of12

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