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Sunday, November 29 - 2009

Aldar to make a splash at TDIM

  • United Arab Emirates: Saturday, January 19 - 2008 at 07:12
  • PRESS RELEASE

Aldar, the renowned Abu Dhabi-based international property developer, will be impressing the crowds with their huge and varied tourism developments at the first annual Tourism Development Project & Investment Market (TDIM) being held at the Dubai International Convention and Exhibition Centre from January 20 -22, 2008.

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  • Aldar will be impressing the crowds with their huge and varied tourism developments at the first annual Tourism Development Project & Investment Market (TDIM) being held at the Dubai International Convention and Exhibition Centre from  January 20 -22, 2008.
    Aldar will be impressing the crowds with their huge and varied tourism developments at the first annual Tourism Development Project & Investment Market (TDIM) being held at the Dubai International Convention and Exhibition Centre from January 20 -22, 2008.
Targeting leading tourism developers, investors, international brands and industry specialists, TDIM showcases the growing role that the MENA region is playing in the world tourism industry. Exhibit space is poised to exceed 19,000 square metres - a major accomplishment for what is the inaugural edition of the show.

"This exhibition offers Aldar an excellent opportunity to meet and network with high-end global investors and developers," commented Ronald Barrott, CEO Aldar Properties. "It also offers us the chance to explore and enter into new partnerships, facilitate investment, knowledge-sharing and networking with all key stakeholders in the tourism market."

Aldar will be showcasing their YAS Island project, home to a Warner Bros theme park and a Formula One Race Track for the Abu Dhabi Grand Prix, which will be the centre point of a full calendar of motor sport competitions throughout the racing season. At the centre of YAS Island will be the world's first and only Ferrari theme park - a dream come true for Ferrari fans with entertainment for all ages plus unique rides.
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Notes and media contacts

About Aldar:
Aldar Properties PJSC is a premier real estate development, management and investment company with headquarters in Abu Dhabi, UAE. ALDAR was created to spearhead developments of Abu Dhabi's strategic sites was created to fast track real estate investment opportunities within Abu Dhabi and the Emirates in order to offer an opportunity to participate in the prosperity of this increasingly important industry in the UAE.

Since its inception in 2004 through a share offer (IPO) of Dhs1.5bn ($408m) on the Abu Dhabi Securities Market, Aldar has already announced more than $60bn worth of developments. The Aldar issue, the largest IPO in the history of the UAE at the time, was 448 times oversubscribed and raised an unprecedented Dhs373bn ($102bn) in demand. Aldar's market capitalization is $3.5bn as of May 30th 2007. Total retail area across all developments is currently over 1.5 million square meters. The company is owned by leading Abu Dhabi institutions, founder shareholders and individual investors.

The current property portfolio includes major developments and re-developments within Abu Dhabi Emirate such as Central Market, Al Raha Beach, Coconut Island, Noor Al Ain, Al Gurm Resort, Al Mamoura - the Mubadala Development Company and Environment Agency Abu Dhabi Headquarter Building, and the YAS Island project which is to include a Warner Bros and a Ferrari theme park.

Aldar's first international expansion was announced in August 2007 via a tie-up with South Johor Investment Corp (SJIC) in a deal that represents the largest foreign real estate development in Malaysia. This was followed in October 2007 with plans announced to build a mixed-use development in Kazakhstan.

For more information, please contact:
Shali Akkaraju
Buchanan Middle East
Mob: +971 50 250 5410

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