Dredging works, designed by Cansult Limited, have already started and will be completed in the second quarter of 2006. Full details of this latest development by ALDAR are to be announced in detail at a major launch event later this year.
Commenting on the announcement, ALDAR's Chairman Ahmed Al Sayegh said: "We are currently in discussions with a number of hotel and resort operators and therefore it would be premature to release any details of this development until those discussions are concluded.
"However, when we do announce the development you can be sure that it will be truly breathtaking and one which will be the first of its kind in the region. We congratulate Boskalis Westminster on being awarded this dredging contract and look forward to working with one of the world's best dredging marine contractors"
Allaying environmental concerns, ALDAR's CEO Christopher Sims, added: "We are working in full compliance with the directives of the Environmental Agency Abu Dhabi (EAD) for this development, to ensure that all our marine works will preserve the natural habitat while allowing residents an opportunity to appreciate the beauty and serenity of the environment. Boskalis Westminster clearly demonstrated their commitment to adhere to these important directives and this was a pivotal point in awarding the tender to them."
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ALDAR announces major dredging contract award
- United Arab Emirates: Sunday, October 09 - 2005 at 08:06
- PRESS RELEASE
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ALDAR Properties PJSC announced today that it has awarded a dredging and related marine works contract in Abu Dhabi to Boskalis Westminster Middle East, as the first stage in the development of a waterfront resort and residential complex on the western edge of Abu Dhabi Island.
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Posted by Anne-Birte Stensgaard, Senior News EditorSunday, October 09 - 2005 at 08:06 UAE local time (GMT+4)
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ALDAR Properties PJSC is a premier real estate development, management and investment company headquartered in Abu Dhabi, UAE. The company was formed as a result of an initial Public Offering (IPO) of shares. The PJSC was created under Emiri Decree No 808 of 2004. ALDAR Properties PJSC is owned by leading Abu Dhabi institutions, founder shareholders and individual investors
ALDAR Properties PJSC was created to fast track real estate investment opportunities, and to offer an opportunity to participate in the prosperity of this increasingly important industry in the UAE.
The current property portfolio includes major developments and re-developments within Abu Dhabi Emirate, such as the Central Market in Abu Dhabi, the Al Raha Beach Development in Sas Al Nakel, the Mubadala Development Company - Environment Authority Headquarter Building in Abu Dhabi, Al Jimi Mall Expansion in Al Ain, Jebel Hafeet Resort in Jebel Hafeet, Al Ain, and the Al Mudheef Urban Regeneration Scheme in Al Mudheef.
ALDAR Properties PJSC is a key sponsor of the 2005 TEDAD general census of population, buildings and establishments being undertaken by the Ministry of Economy and Planning.
For more information, please contact Ousama Ghannoum, Marketing and Communication Director of ALDAR on 02 6336886 or visit our website www.aldar.com or contact Sareem International ALDAR's corporate communications advisers on the numbers below:
Abu Dhabi Office
Tel.: +971 (2) 6771196
Fax: +971 (2) 6790060
Dubai Office
Tel.: +971 (4) 343 3688
Fax: +971 (4) 321 1988
ALDAR Properties PJSC was created to fast track real estate investment opportunities, and to offer an opportunity to participate in the prosperity of this increasingly important industry in the UAE.
The current property portfolio includes major developments and re-developments within Abu Dhabi Emirate, such as the Central Market in Abu Dhabi, the Al Raha Beach Development in Sas Al Nakel, the Mubadala Development Company - Environment Authority Headquarter Building in Abu Dhabi, Al Jimi Mall Expansion in Al Ain, Jebel Hafeet Resort in Jebel Hafeet, Al Ain, and the Al Mudheef Urban Regeneration Scheme in Al Mudheef.
ALDAR Properties PJSC is a key sponsor of the 2005 TEDAD general census of population, buildings and establishments being undertaken by the Ministry of Economy and Planning.
For more information, please contact Ousama Ghannoum, Marketing and Communication Director of ALDAR on 02 6336886 or visit our website www.aldar.com or contact Sareem International ALDAR's corporate communications advisers on the numbers below:
Abu Dhabi Office
Tel.: +971 (2) 6771196
Fax: +971 (2) 6790060
Dubai Office
Tel.: +971 (4) 343 3688
Fax: +971 (4) 321 1988
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