Cityscape USA is a two-day networking exhibit and three-day conference that attracts the world's top institutional investors, real estate developers, governmental and developmental authorities, leading architects, and other senior professionals in the real estate industry.
The event, which will take place at the Jacob Javits Center in New York City on September 9-12, will mark TDIC's first venture into the U.S. market
TDIC, the name behind the Saadiyat Island Cultural District destination, which is projected to be the world's largest single concentration of premier cultural institutions including the Guggenheim Abu Dhabi Museum, will be looking to spark American investment interests.
"We currently have strong investor response from the local market in Abu Dhabi and believe the time is now right to take our compelling propositions onto the world stage," said Lee Tabler, Chief Executive Officer of TDIC.
"We are looking to open up an intercontinental dialogue which will put our expanding portfolio of tourism and urban renewal projects at the forefront of institutional investor planning."
Launched less than three years ago, TDIC is currently planning, or developing, no less than 80 projects throughout Abu Dhabi - the largest of the seven emirates that make up the United Arab Emirates (UAE). Abu Dhabi city is the country's capital and the seat of Federal government.
"Abu Dhabi is committed to evolving into an international destination of distinction. The emirate has huge natural assets which can assist in this aim, including 200 natural islands and 700 kilometres of shoreline," said Tabler. "It is a greatly anticipated destination where progress is being achieved in a measured manner - guided by strong underlying principles of cultural and environmental respect that are reflected throughout TDIC developments."
Over the past two years, Abu Dhabi has earned a string of international accolades, which have set it apart from other emerging destinations. The UAE capital was recently named 'A World Winning City In The Making' in the 2008 Jones Lang LaSalle 'Emerging World Class Cities' report while Saadiyat Island was named on of the world's 'Top Ten Emerging Trendy Destinations' in a Wall Street Journal poll of international travel scouts. In a report on real estate within the Arabian Gulf, investment bank Morgan Stanley recently predicted prices in Abu Dhabi would rise by 25% by 2010.
"Abu Dhabi can make a convincing case for institutional investors because it has long-term economic sustainability, is pursuing well-thought-out infrastructure investment and has clear government direction and strong governance," said Tabler. "We believe we will leave New York having piqued considerable interest among our target audience and with the foundations of an ongoing dialogue that we will actively pursue moving forward."
TDIC officials will be on hand at Cityscape New York to meet potential investors, developers, professional service industry executives and members of the media during the Exhibition on September 10-11.
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Leading Abu Dhabi developer looks to the U.S. to expand investment relations portfolio
- United Arab Emirates: Thursday, September 04 - 2008 at 16:53
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Tourism Development & Investment Company (TDIC), the master developer of major tourism and cultural destinations in the emirate of Abu Dhabi, is looking to drive institutional investor awareness at the 2008 Cityscape USA Conference and Exhibition.
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Posted by Lara Lynn Golden, News EditorThursday, September 04 - 2008 at 16:53 UAE local time (GMT+4)
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About Tourism Development & Investment Company (TDIC)
Tourism Development & Investment Company (TDIC) is a master developer of major tourism destinations in Abu Dhabi, the largest of the seven emirates which make up the United Arab Emirates and a key contributor to its economic and cultural progress.
The company is behind some of Abu Dhabi's most prestigious projects including two major destinations - Saadiyat Island, which will house the world's largest single concentration of premier cultural institutions including the Sheikh Zayed National Museum, the Guggenheim Abu Dhabi Museum, the Louvre Abu Dhabi museum, a performing arts centre and maritime museum, and Desert Islands which will be one of the world's largest sustainable island tourism destinations.
By creating investment partnerships and joint ventures, TDIC's developments are supporting Abu Dhabi's evolution into a world class destination for tourists, businesses and residents and helping to realise the emirate's considerable tourism potential and strategic goal of delivering 2.7 million hotel guests a year by 2012.
Established in April 2006, TDIC has already built a strong reputation among international industry players for its compelling value proposition, transparency of business approach and ability to deliver. Locally, TDIC offers significant employment and vocational training opportunities for Emiratis keen to enhance their careers and professional qualifications.
For further information visit www.tdic.ae
About Saadiyat Island
Saadiyat Island - which translates from Arabic as Island of Happiness - is the Arabian Gulf's largest single mixed-use development. The 27 square kilometre natural island lies only 500 metres offshore Abu Dhabi Island - the capital city of the United Arab Emirates. Saadiyat Island is being developed into a signature leisure, cultural 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, marks a new era in the rapid evolution of Abu Dhabi, the largest of the seven emirates, which form the UAE Federation.
Saadiyat Island, which, in Wall Street Journal research was tipped as one of the world's top 10 emerging 'trendy' destinations and voted the 'World's Leading Tourism Development Project' in the 14th World Travel Awards, will be developed in three phases until 2018. The master plan envisages seven distinct districts - Cultural District, Saadiyat Marina, Saadiyat Beach, South Beach, Island Lagoons, The Wetlands and Eco-Point. There are plans for luxury hotels, over three million square metres of office space, marinas with combined berths for around 1,000 boats, two golf courses - one the UAE's first Gary Player signature course and the Arabian Gulf's first 'ocean' course - civic and leisure facilities, sea-view apartments and elite villas.
The island will also be home to the world's largest single cluster of world-class cultural assets, including the Sheikh Zayed National Museum, concept designed by Lord Norman Foster; the Guggenheim Abu Dhabi Museum of modern and contemporary arts designed by Frank Gehry; the Louvre Abu Dhabi universal museum conceptualized by Jean Nouvel; a performing arts centre designed by Zaha Hadid and a maritime museum by Japan's Tadao Ando. Saadiyat Island is expected to be home to a community of more than 160,000 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 Abu Dhabi, via a Saadiyat Link road, which will connect the Shahama district to Saadiyat Island from Abu Dhabi's Mina Zayed area, by a 10-lane Saadiyat Bridge which is already 25% to completion.
Saadiyat Island is being developed by the Tourism Development & Investment Company (TDIC), an independent public joint stock company of which Abu Dhabi Tourism Authority (ADTA) is the sole shareholder.
CONTACT: Bradley Wray, +1-212-994-7592,
Patrick Tucker, +1-212-994-7561
Robert Ferris +1-212-994-7505, or
Brad Fennessy,
+1-212-994-7613
Tourism Development & Investment Company (TDIC) is a master developer of major tourism destinations in Abu Dhabi, the largest of the seven emirates which make up the United Arab Emirates and a key contributor to its economic and cultural progress.
The company is behind some of Abu Dhabi's most prestigious projects including two major destinations - Saadiyat Island, which will house the world's largest single concentration of premier cultural institutions including the Sheikh Zayed National Museum, the Guggenheim Abu Dhabi Museum, the Louvre Abu Dhabi museum, a performing arts centre and maritime museum, and Desert Islands which will be one of the world's largest sustainable island tourism destinations.
By creating investment partnerships and joint ventures, TDIC's developments are supporting Abu Dhabi's evolution into a world class destination for tourists, businesses and residents and helping to realise the emirate's considerable tourism potential and strategic goal of delivering 2.7 million hotel guests a year by 2012.
Established in April 2006, TDIC has already built a strong reputation among international industry players for its compelling value proposition, transparency of business approach and ability to deliver. Locally, TDIC offers significant employment and vocational training opportunities for Emiratis keen to enhance their careers and professional qualifications.
For further information visit www.tdic.ae
About Saadiyat Island
Saadiyat Island - which translates from Arabic as Island of Happiness - is the Arabian Gulf's largest single mixed-use development. The 27 square kilometre natural island lies only 500 metres offshore Abu Dhabi Island - the capital city of the United Arab Emirates. Saadiyat Island is being developed into a signature leisure, cultural 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, marks a new era in the rapid evolution of Abu Dhabi, the largest of the seven emirates, which form the UAE Federation.
Saadiyat Island, which, in Wall Street Journal research was tipped as one of the world's top 10 emerging 'trendy' destinations and voted the 'World's Leading Tourism Development Project' in the 14th World Travel Awards, will be developed in three phases until 2018. The master plan envisages seven distinct districts - Cultural District, Saadiyat Marina, Saadiyat Beach, South Beach, Island Lagoons, The Wetlands and Eco-Point. There are plans for luxury hotels, over three million square metres of office space, marinas with combined berths for around 1,000 boats, two golf courses - one the UAE's first Gary Player signature course and the Arabian Gulf's first 'ocean' course - civic and leisure facilities, sea-view apartments and elite villas.
The island will also be home to the world's largest single cluster of world-class cultural assets, including the Sheikh Zayed National Museum, concept designed by Lord Norman Foster; the Guggenheim Abu Dhabi Museum of modern and contemporary arts designed by Frank Gehry; the Louvre Abu Dhabi universal museum conceptualized by Jean Nouvel; a performing arts centre designed by Zaha Hadid and a maritime museum by Japan's Tadao Ando. Saadiyat Island is expected to be home to a community of more than 160,000 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 Abu Dhabi, via a Saadiyat Link road, which will connect the Shahama district to Saadiyat Island from Abu Dhabi's Mina Zayed area, by a 10-lane Saadiyat Bridge which is already 25% to completion.
Saadiyat Island is being developed by the Tourism Development & Investment Company (TDIC), an independent public joint stock company of which Abu Dhabi Tourism Authority (ADTA) is the sole shareholder.
CONTACT: Bradley Wray, +1-212-994-7592,
Patrick Tucker, +1-212-994-7561
Robert Ferris +1-212-994-7505, or
Brad Fennessy,
+1-212-994-7613
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