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TDIC and ALDAR become Las Vegas showstoppers

Tourism Development & Investment Company (TDIC), the asset development arm of the Abu Dhabi Tourism Authority (ADTA), and ALDAR, Abu Dhabi's premier real estate development and investment company are exhibiting some of their premier projects in the world's entertainment capital Las Vegas this week.

United Arab Emirates: Wednesday, October 24 - 2007 at 11:27
PRESS RELEASE

Tabler - 'Over the past year, the Middle East has been responsible for some of the world's largest real estate projects.

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Projects from the UAE capital are being represented for the first time at the annual fall meeting and expo of the Urban Land Institute (ULI) - the international, non-profit research and educational organisation catering to land use and real estate development professionals.

'Over the past year, the Middle East has been responsible for some of the world's largest real estate projects and development is now one of the fastest growing sectors in the region,' said Lee Tabler, CEO of TDIC and Chairman of the ULI Middle East, which was initiated by, and incorporated in the UAE capital, under the patronage of HE Sheikh Sultan Bin Tahnoon Al Nahyan, Chairman of ADTA and TDIC.

'Abu Dhabi has now emerged as an international development destination with world-class projects which have achieved global recognition and its presence at the ULI exhibition will further heighten its profile among a highly authoritative audience,'

added Tabler.

Meanwhile, the ULI will host a two-day real-estate workshop in the UAE next month - its first official event in the Middle East, reflecting its expanding outreach in rapidly developing markets throughout the region.

'The workshop has been designed specifically for real estate development professionals at all levels, in both the public and private sectors as well as for senior executives who want to expand their construction expertise and perspective,' said Bill Kistler, ULI President Europe.

'This is a very timely initiative as we solidify our partnership with the Middle East and will provide a strong foundation in all essential real estate elements.'

In addition, the UAE capital will also host a ULI Centre For Real Estate Education, within three years which will offer a broad range of courses in real estate development, valuation, contract management, urban and regional development, investment and economics.

The ULI Middle East Council and ULI's Centre For Real Estate Education will be housed within the new TDIC headquarters being built adjacent to Maqta Bridge - the gateway to Abu Dhabi city.
The region's first ULI workshop will be held at Emirates Towers Hotel in Dubai from 7-8 November.

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About Tourism Development & Investment Company:
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 Dhs100m ($27.5m) 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.

For further information:
Bassem Terkawi. PR & Communications Manager, TDIC
Tel: +9712 4443000;
fax: +9712 4443111.
or
Barbara Saunders, MCS/Action.
Tel: +9714 390 2960; fax: +9714 390 8161
Or visit Saadiyat Island online at: www.saadiyat.ae or www.tdic.ae

Posted by Anne-Birte Stensgaard, Senior News Editor
Wednesday, October 24 - 2007 at 11:27 UAE local time (GMT+4)

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This Article was updated on Tuesday, April 29 - 2008

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