Aldar says mega projects will benefit from the boom

Aldar Properties, one of the largest real estate developers in the Middle East, said on Tuesday it was pushing ahead with mega projects in Abu Dhabi to take advantage of expected business flow into the capital.

The Abu Dhabi-based company said it outlined its projects and plans during its recent participation in an international property exhibition in Cannes, France.
 

It cited such projects as Yas Island, Al Dana and the Abu Dhabi World Trade Centre on Raha Beach at the northern entrance of Abu Dhabi.

“Taking its world-class developments Al Dana precinct on Al Raha Beach and the entertainment destination, Yas Island, to the event, Aldar raised awareness of its developments in Abu Dhabi, as well as contributing to the global awareness of the emirate,” Aldar said in a statement.

It said the 2030 Plan announced by Abu Dhabi in November 2007 set out guidelines for infrastructural plans in light of the massive development and expansion the emirate is expected to experience.

It said that Aldar has worked closely with the Urban Planning Council and its partners in Abu Dhabi to ensure that the tourism destinations and developments are in-line with the overall vision of the emirate.

“The impact of these developments to the world is what they have to offer to visitors and residents. In development phase, it is critical to align with the government to ensure that infrastructure and urban planning is carefully planned, creating developments that complement the existing surroundings,” said Ronald Barrott, CEO of Aldar Properties.

“Delivering residential and business areas, which will attract global industries and financial institutions, is part of our contribution towards Abu Dhabi’s next economic boom, and we take this responsibility seriously.”

 

He said the Al Dana precinct of Al Raha Beach is the commercial hub of the waterfront development. “Attracting world-class business through its commercial offering, the creation of Al Dana is an integral step in the growth of the emirate as a global player. ”

According to the statement, the Abu Dhabi World Trade Centre will include 32,000 square metres of office space, set to attract a variety of world organisations.

It said the UAE’s non-oil economy grew by about 10 per cent in real terms last year and more than 20 per cent in current prices to become the fastest-growing sector in the GCC.