The highway will link Abu Dhabi city with Saadiyat Island, the 27 square kilometre natural island lying just 500 metres offshore the UAE capital.
Managing Director of Leighton International, David Savage, says that the opportunities on offer in the Arabian Gulf region make it a key market for the company's ambitious growth plans.
"This is just one of many such projects around this region, and will be delivered under an alliance-style arrangement," he said.
"The development in the region in general, and Abu Dhabi in particular, is unprecedented in its scale and the opportunities for us here are extensive.
"On Saadiyat Island alone there will be further opportunities of a similar nature and size. We're confident that our success on this project will lead to a long pipeline of work for TDIC," he said.
"Our growth in this area of the world is limited only by our capacity," he said.
TDIC says that through strategic partnerships with renowned international brands and like-minded organisations, its goal is to identify, develop and launch sustainable projects that capitalise on the emirate's natural resources while preserving the integrity of the environment.
"The size, scope and complexity of some of the projects we are planning here require world-class contractors and environmental concerns will be at the forefront of both the design and construction process," said Lee Tabler, CEO, TDIC.
"Leighton is regarded as a world-leader in its field and is a good fit for what we are trying to achieve," he said.
The project involves the construction of a 6.5 kilometre, 10-lane highway and associated side roads; six bridges with a total deck length of 1.6 kilometres; an 870 metre tunnel; 10.7 kilometres of stormwater drainage; 22.3 kilometres of sewerage system; a 30 kilometre potable water network; and various mechanical and electrical works.
The project is likely to start in August, and is due for completion in September 2009, prior to the inaugural Abu Dhabi Formula 1 grand prix.
Leighton views the Arabian Gulf region as a major growth area and recently has been stepping up its activity in the region. The company established itself in Dubai around two years ago and since then has secured the US$407 Million Al Shaqab equestrian centre project in Qatar, and the infrastructure contract for the massive City of Arabia development in Dubai.
Abu Dhabi offers significant opportunities. There are some US$200 billion worth of residential, commercial, cultural and infrastructure projects currently on the drawing board in the emirate.
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Leighton International named as preferred contractor on a USD550 million highway in Abu Dhabi, UAE
- United Arab Emirates: Thursday, August 16 - 2007 at 09:03
- PRESS RELEASE
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The project, for Abu Dhabi's Tourism Development and Investment Company (TDIC), one of Abu Dhabi's leading developers, involves the construction of a 6.5 kilometre highway, comprising five lanes in each direction.
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Posted by Anne-Birte Stensgaard, Senior News EditorThursday, August 16 - 2007 at 09:03 UAE local time (GMT+4)
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About Saadiyat Island
Saadiyat Island - which translates from Arabic as Island of Happiness - is the largest single mixed-use development in the Arabian Gulf. The 27 square kilometre natural island - half the size of Bermuda - lies only 500 metres offshore Abu Dhabi island - the capital city of the United Arab Emirates. Saadiyat Island is being developed into a complete visitor and residential destination.
Saadiyat Island represents one of the most important development opportunities in Abu Dhabi's history. The island, which has 30 kilometres of water frontage and boasts many natural eco-features including mangrove forests, is being developed as a strategic international tourism destination and marks a new era in the rapid evolution of Abu Dhabi, the largest of the seven emirates which form the UAE Federation.
Saadiyat Island will be developed in three phases with total completion scheduled for 2018. The masterplan envisages seven highly individual districts and includes 29 hotels, including an iconic 7-star property, three marinas with combined berths for around 1,000 boats, museums and cultural centres, two golf courses, civic and leisure facilities, sea-view apartments and elite villas.
Saadiyat Island is expected to be home to a community of more than 150,000 people - the same population size as Chang Mai in Thailand, Oxford in the UK or Hollywood in the USA.
Saadiyat Island will be linked to the main Abu Dhabi island and the Abu Dhabi mainland via two, 10-lane freeways making the destination easily accessible to Abu Dhabi International Airport, which will be just a 25 kilometre drive away.
Saadiyat Island is being developed by the Tourism Development & Investment Company (TDIC), an independent public joint stock company of which Abu Dhabi Tourism Authority is the sole shareholder. TDIC's strategy is to dispose of development land on the island to private investors who will each develop their sites in accordance with the masterplan and supporting planning regulations and design guidelines. Please visit http://www.saadiyat.ae/ for more information.
TDIC
Tourism Development & Investment Company (TDIC) is a public joint stock company established under Law No: 12 of 2005 as decreed by the Abu Dhabi Ruler and UAE President, His Highness Sheikh Khalifa Bin Zayed Al Nahyan. TDIC is an independent organisation empowered to manage the tourism investment zones of the Abu Dhabi Tourism Authority (ADTA), which directs and implements strategy for the expansion of the emirate's tourism sector. TDIC will develop the real estate assets that support ADTA's mission of assisting UAE economic diversification through tourism development.
TDIC, launched with an initial paid-up capital of AED100 million (US $27.5 million) with its shareholding fully owned by ADTA, operates along strictly commercial lines with its projects being self-sustaining and economically feasible. Its activities include creating development and tourism related concepts for specific sites and locations, disposing of, or repositioning, government-owned tourism related assets, entering into joint ventures with investment partners for assets such as hotels or residential products, as well as serving as the master developer for large scale projects. Please visit http://www.tdic.ae/ for more information.
For further information, please contact:
Chris Gordon
General Manager, Corporate Affairs
Leighton International
t: +852 2823 1493
m: +852 9092 0827
About Leighton International
Leighton International is the Leighton Group's operating company covering operations in Malaysia, Brunei, Singapore, Sri Lanka, Indonesia, India and the Arabian Gulf.
The company has annual revenue of around US$700 million and employs over 2,500 staff across the region.
Leighton International is part of the Leighton Group, Australia's largest project development and contracting group with revenue for 2007 exceeding US$10 billion. The Leighton Group is majority-owned by HOCHTIEF, the world's largest international contractor.
For further information on Leighton International, please visit: www.leightonint.com
For further information on the Leighton Group,
please visit: www.leighton.com.au
Saadiyat Island - which translates from Arabic as Island of Happiness - is the largest single mixed-use development in the Arabian Gulf. The 27 square kilometre natural island - half the size of Bermuda - lies only 500 metres offshore Abu Dhabi island - the capital city of the United Arab Emirates. Saadiyat Island is being developed into a complete visitor and residential destination.
Saadiyat Island represents one of the most important development opportunities in Abu Dhabi's history. The island, which has 30 kilometres of water frontage and boasts many natural eco-features including mangrove forests, is being developed as a strategic international tourism destination and marks a new era in the rapid evolution of Abu Dhabi, the largest of the seven emirates which form the UAE Federation.
Saadiyat Island will be developed in three phases with total completion scheduled for 2018. The masterplan envisages seven highly individual districts and includes 29 hotels, including an iconic 7-star property, three marinas with combined berths for around 1,000 boats, museums and cultural centres, two golf courses, civic and leisure facilities, sea-view apartments and elite villas.
Saadiyat Island is expected to be home to a community of more than 150,000 people - the same population size as Chang Mai in Thailand, Oxford in the UK or Hollywood in the USA.
Saadiyat Island will be linked to the main Abu Dhabi island and the Abu Dhabi mainland via two, 10-lane freeways making the destination easily accessible to Abu Dhabi International Airport, which will be just a 25 kilometre drive away.
Saadiyat Island is being developed by the Tourism Development & Investment Company (TDIC), an independent public joint stock company of which Abu Dhabi Tourism Authority is the sole shareholder. TDIC's strategy is to dispose of development land on the island to private investors who will each develop their sites in accordance with the masterplan and supporting planning regulations and design guidelines. Please visit http://www.saadiyat.ae/ for more information.
TDIC
Tourism Development & Investment Company (TDIC) is a public joint stock company established under Law No: 12 of 2005 as decreed by the Abu Dhabi Ruler and UAE President, His Highness Sheikh Khalifa Bin Zayed Al Nahyan. TDIC is an independent organisation empowered to manage the tourism investment zones of the Abu Dhabi Tourism Authority (ADTA), which directs and implements strategy for the expansion of the emirate's tourism sector. TDIC will develop the real estate assets that support ADTA's mission of assisting UAE economic diversification through tourism development.
TDIC, launched with an initial paid-up capital of AED100 million (US $27.5 million) with its shareholding fully owned by ADTA, operates along strictly commercial lines with its projects being self-sustaining and economically feasible. Its activities include creating development and tourism related concepts for specific sites and locations, disposing of, or repositioning, government-owned tourism related assets, entering into joint ventures with investment partners for assets such as hotels or residential products, as well as serving as the master developer for large scale projects. Please visit http://www.tdic.ae/ for more information.
For further information, please contact:
Chris Gordon
General Manager, Corporate Affairs
Leighton International
t: +852 2823 1493
m: +852 9092 0827
About Leighton International
Leighton International is the Leighton Group's operating company covering operations in Malaysia, Brunei, Singapore, Sri Lanka, Indonesia, India and the Arabian Gulf.
The company has annual revenue of around US$700 million and employs over 2,500 staff across the region.
Leighton International is part of the Leighton Group, Australia's largest project development and contracting group with revenue for 2007 exceeding US$10 billion. The Leighton Group is majority-owned by HOCHTIEF, the world's largest international contractor.
For further information on Leighton International, please visit: www.leightonint.com
For further information on the Leighton Group,
please visit: www.leighton.com.au
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