Construction on the Dhs1.4bn project is expected to begin in 2008 with an expected completion date of 2011. Abu Dhabi Marina will be situated in Abu Dhabi city, on the Khor al Bateen waterway. The mixed-use waterfront development will house a 5-star hotel, hotel apartments, residential apartments, townhouses, offices and commercial space including select dining and retail outlets.
'Abu Dhabi Marina will provide the Capital with a world-class development in a central location. It will set the benchmark for a distinctive, integrated environment within a single, modern community surrounding the Arabian Gulf and adjacent marinas. The Marina project will undoubtedly benefit the local community in terms of entertainment, leisure and business facilities, adding to the future direction of the vibrant Abu Dhabi real estate market,' said Dr. Hani Shammah, EIP's CEO.
Abu Dhabi Marina's unique peninsular location will provide magnificent views of the Gulf and marina which surround the development from all sides. The Consultant engaged by EIP on this project is HoK. According to Dr. Shammah 'The inspiration for Marina's design was to create a sophisticated development where people could live, work and play - and where social connections and community fabric are as important as the cutting-edge architecture and panoramic views.'
Marina's elegantly designed 5-star hotel will boast picturesque waterfront views. Hotel apartments are also being designed to accommodate residents who seek the privacy and convenience of a furnished apartment with the facilities, amenities and services offered by a hotel. The entire development is set in an enclave of low rise buildings with an access to the lagoon, waterside cafés, restaurants and pedestrian walkways.
Emirates International Properties launches Dhs1.4bn waterfront development in Abu Dhabi city
Abu Dhabi-based Emirates International Properties (EIP), the development arm of Emirates International investment Company (EIIC), announced today the launch of Abu Dhabi Marina, a unique marina development project situated off the coast of Abu Dhabi city.
- United Arab Emirates: Wednesday, November 28 - 2007 at 17:05
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About EIIC:Emirates International Investment Company - EIIC is part of National Holding, a leading Abu Dhabi-based private holding company. Founded in 1999, EIIC focuses on Investments in various growth sectors in UAE, MENA and globally.
EIIC is active in the industrial, agro-industrial, real estate and investment sectors.
Some of EIIC's construction companies under the industrial division are:
Union Rebar for Steel Forming
Aswaar Pre-cast Fences ( first in UAE)
Ascom Mining
Tameer Autoclave
Tameer Pre-cast concrete
Tameer Dry Mortar
Glasswool ( first in UAE)
Geo Textile ( first in UAE)
Some of EIIC's other companies are:
National fodder production & marketing
Emirates Filament
Electrocab Emirates
Union Copper Rods
National Industries Complex
Abu Dhabi International Medical Services
Etihad National Travel and Tourism
West Coast Cleaning Services
Emirates Link Trading
Babteen-LeBlanc Communications Towers
Emirates International Properties (EIP), EIIC's Real Estate division, focuses on Property Development, Property Investment Management, Property Project Management, and Leasing and Facilities Management.
It has recently announced a 10 billion Dhs urban development project in Algiers, Algeria and will soon be announcing other developmental projects in the region
Currently provides property management services to 30 residential and commercial towers and several residential compound and leisure centers in UAE
The EIIC Investment division focuses on Asset Management, Private Equity and Strategic Investments.
The Asset Management group actively manages equity and related products globally, specifically in the following regions: US, Europe, Asia, GCC, MENA.
Private Equity investments are performed mostly in the GCC and the MENA regions, either directly our indirectly through funds. A few investments include Citadel Holding, Global Alumina, Egypt National Petroleum, and others.
On a strategic level, EIIC has taken significant stakes in financial institutions in the UAE, specifically with Abu Dhabi Islamic Bank (ADIB). ADIB's strategy to expand globally is materialized through the joint acquisition with EIIC of National Bank for Development in Egypt.
For further information about EIIC, please contact:
Telephone: + 971 2 6679777
Fax: + 971 2 6679997
Posted by Lara Lynn Golden, News EditorWednesday, November 28 - 2007 at 17:05 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
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Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
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