Abu Dhabi - SAADIYAT ISLAND

[JVS]

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Eis o projecto que possibilita a criacao de quatro projectos de Nouvel, de Ando, de Hadid e de Gehry.

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TDIC awards AED 815 Million Saadiyat Island earth filling contract to Belgium's Jan De Nul

Abu Dhabi's Tourism Development & Investment Company (TDIC) has awarded an AED 815 million (US $ 222 million) bulk earth filling contract for its flagship Saadiyat Island project to Belgium's Jan De Nul.

Work will now begin in January on filling some 35 million cubic metres of earth which will be used to provide sculpted landform, enhancing vistas for Saadiyat Island's Marina & Cultural Districts - two of six distinct districts in the planned international residential and tourism destination. The work is expected to be completed in December 2008.

Meanwhile, enabling works continue on Saadiyat Island, a 27 square kilometre island offshore the UAE capital city, to clear the ground for infrastructure development. The works, being carried out by the Al Jaber Group, one of the UAE's leading contracting companies, are expected to be completed by the end of January 2007.
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Nota-se por aqui que e mesmo uma ilha.

Abu Dhabi announces Dh100b project


A model of the Saadiyat Island project. It will be developed in three phases with total completion scheduled for 2018.

Abu Dhabi: Abu Dhabi yesterday unveiled plans to develop Saadiyat Island into an international tourism destination by attracting about Dh100 billion in three phases through public-private partnerships.

General Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supre-me Commander of the UAE Armed Forces, announced the creation of a public joint stock company to drive the development.

The company, Tourism Development and Investment Co. (TDIC), will have an initial capital of Dh100 million and would be fully owned by the Abu Dhabi Tourism Authority.

"Saadiyat Island will be the first of many projects falling under" the new company, he said. "This is an important chapter in Abu Dhabi's history. The creation of TDIC ushers in a new era of economic transition for the emirate, while the development of Saadiyat, a unique natural resource, represents one of the most vibrant episodes in the capital's evolution."

"Saadiyat is a symbol of Abu Dhabi's renewed economic openness and a signal to the world that this emirate is very much open for partnerships and business on an international scale."

Shaikh Sultan Bin Tahnoon Al Nahyan, chairman of the Tourism Authority, said major development parcels were being offered to UAE and Gulf investors on a freehold basis with non-GCC investors being offered 99-year leases or 50-year renewable leases.

"We expect that we will be able to attract investments of about Dh100 billion over the three phases of development," he said.

TDIC will be responsible for the infrastructure of the island, which is estimated to cost about Dh5.5 billion, he said.

Saadiyat will be developed in three phases with total completion scheduled for 2018. The masterplan envisages six highly individual districts with 29 hotels, including a seven-star resort, three marinas, museums and cultural centres, two golf courses, civic and leisure facilities, sea-view apartments and elite villas.

The six island districts are: Cultural District, Al Marina, Saadiyat Beach, South Beach, Saadiyat Park and The Wetlands.

Saadiyat is expected to be a home to more than 150,000 people and will be linked to Abu Dhabi via two 10-lane freeways.

SAADIYAT ISLAND DEVELOPMENT
Stunning Facts

* Infrastructure Cost: Dh5.5b
* Hotels with 7,000 rooms: 29
* Golf Courses: 2
* Villas: 8,000
* Appartments: 38,000
* Home to residents: 150,000

To be managed by: Tourism Development and Investment Company (TDIC)

* Owned by Abu Dhabi Tourism Authority (ADTA)
* Saadiyat Island covers an area of 27 sq.km.
* It is 500 metres offshore north-east of Abu Dhabi city.
* Saadiyat Island means Island of Happiness.
* The island has sensitive mangrove reserves.
* Saadiyat will be lined to Abu Dhabi city via two causeways. Each with10-lane freeways.
* Provision for light rail transport is made.
* Abu Dhabi has 200 natural offshore islands.
* This will attract Dh100 billion worth of investment

Other mega projects in Abu Dhabi

* Al Raha Beach Development: Dh54 billion n Al Reem Island: Dh45 billion
* Abu Dhabi International Airport Redevelopment: Dh25 billion

[kevinson.anthony]

Wow, these are amazing projects in Abu Dhabi. It is a booming metropolis of nearly unequaled splendor (except for Dubai). Have you ever considered buying property in Ab Dhabi? The economic growth is amazing, the opportunities are immense.

[AnaCardo]

Why? do you have a flat or house for selling? Or do you represent a real state company? I don't think anyone in this forum is interested in buying a piece of land in that area. However... I know that some of the portuguese football players have made some investments in Dubai.