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Monday, November 9 - 2009

Aldar clinches international health & safety award

  • United Arab Emirates: Wednesday, October 15 - 2008 at 13:29
  • PRESS RELEASE

Aldar Properties has received international recognition for its outstanding health and safety performance in 2008.

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  • Aldar Properties officials receiving "Best Health and Safety Achievement in Construction" award 2008
    Aldar Properties officials receiving "Best Health and Safety Achievement in Construction" award 2008
Abu Dhabi's leading property development, investment and management company, has clinched the "Best Health and Safety Achievement in Construction" award 2008 by the Safety and Health Practitioner (SHP) and the Institute in Occupation Safety and Health (IOSH).

SHP is the largest safety and health magazine in the world, while IOSH is the largest professional body of occupational health and safety practitioners in the world. Both UK-based institutions have credited Aldar with the best health and safety record in the construction sector world wide.

Aldar was selected as the winner from hundreds of entries worldwide in the construction sector. The award ceremony took place recently in London and the award was received by Andrew Broderick, Head of Health, Safety and Environment, Aldar Properties.

The SHP IOSH Awards are widely regarded as the Oscars of the occupational safety and health industry. The winners are voted by an expert panel of judges that included the President of IOSH, Mr. Ray Hurst.

Aldar's case for the competition was its leisure destination of Yas island, a 2500 hectares development that is set to become a cornerstone of Abu Dhabi's fast growing tourism industry.

The judges hailed the safety performance at Yas as very impressive, given the scale and context of this project. "Just under two years into construction, only two lost-time injuries have occurred in more than 19 million hours worked, and standards of health and welfare for the vast workforce are extremely high. Opeartives' villages have been constructed to house them, and are fully equipped with catering, sport, and medical facilities. Given the scale and context of the project, these results are very impressive," the judges said.

Commenting on the award, John Bullough, CEO, Aldar Properties, said:
"We are certainly proud that Aldar is the first company outside the UK, and indeed the first developer ever, to have won this prestigious award. We are delighted to see our efforts at raising the bar on health and safety standards get international recognition from such prestigious organisations as the SHP and the IOSH."


He added: "this award is a valued addition to an already impressive list of recognitions that sets Aldar apart on health and safety issues."

After receiving the award, an elated Andrew Broderick, Head of Health, Safety and Environment at Aldar Properties said, "This award is another proof of how seriously Aldar is taking the issue of health and safety. The strong leadership exhibited by Stephen Worrell, Director of Yas Island has been instrumental in what has been achieved."

The Yas Island development includes the Yas Marina racing circuit, the Ferrari World Abu Dhabi, a Warner Bros. Theme Park, five-star and boutique hotels, a water park, over 300,000 square meters of retail space, a links golf course, several marinas, restaurants, various entertainment facilities and luxurious residential property. Yas Island is a 30-minute drive from Abu Dhabi City and only 10 minutes from the Abu Dhabi International Airport.
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Notes and media contacts

About Aldar Properties:
Aldar Properties PJSC is a premier real estate development, management and investment company with headquarters in Abu Dhabi, UAE. Aldar was established to create world-class real estate developments for Abu Dhabi, while providing stable and profitable investment portfolio for all our investors and stakeholders

Aldar Properties PJSC is spearheading the development of Abu Dhabi; entrusted to create multi-billion Dirham civic projects to develop the capital, establishing new sectors for commerce, housing, retail and leisure. Aldar's vision is to establish Abu Dhabi as the United Arab Emirate's most dynamic forward-thinking real estate market by creating unique and prestigious developments that can be used as a benchmark of quality, whilst adhering to the cultural and natural heritage of the city.

Since its inception in 2004 through a share offer (IPO) of Dhs1.5bn ($408m) on the Abu Dhabi Securities Exchange, Aldar has already announced more than $72bn 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 Dhs32.3bn ($8.7bn).as of July 24th 2008.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, PRESS ONLY please contact:
Mary Khamasmieh
Buchanan Middle East
Tel: +971 (0) 4 369 8581
Mob: +971 50 273 1753

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