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TDIC issues Saadiyat Island dredging/bulk earth filling tender 40 million cubic feet of earth to create marina district heights

  • United Arab Emirates: Saturday, September 16 - 2006 at 14:38
  • PRESS RELEASE

Tourism Development & Investment Company (TDIC), the tourism asset development company wholly-owned by Abu Dhabi Tourism Authority, has issued a tender for the dredging and bulk earth filling of 40 million cubic metres of earth for its flagship Saadiyat Island project.

The tender, issued to all major dredging/bulk earth filling companies currently operating in the Arabian Gulf, is expected to be awarded within the next month with work due to start late October and scheduled for completion within two years.

The 40 million cubic metres of earth is to be used to create sloping heights for Saadiyat Island's Marina District - one of six distinct districts in the masterplan development of the 27 square kilometre island, which is being transformed into a strategic international tourism destination.

"The heights are needed to ensure that the mid-rise properties surrounding the marina will all have sea views," explained Mubarak Al Muhairi, Managing Director, TDIC.

This is the second major tender to be issued by TDIC in the past two months following the recent release of the tender for the construction of the main 10-lane freeway bridge which will link Abu Dhabi City with Saadiyat Island.

Meanwhile enabling works continue on Saadiyat Island to clear the ground for infrastructure development. The works, being carried out by the Al Jaber Group, one of the UAE's leading contracting companies, are expected to be completed by the end of January.
 
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About Saadiyat Island:
Saadiyat Island - which translates from Arabic as Island of Happiness - is the largest single mixed-use island development in the Arabian Gulf. 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 complete visitor and residential destination.

Saadiyat Island represents one of the most important development opportunities in Abu Dhabi's history. The island, which has 30kms of water frontage and boasts many natural eco-features including mangrove forests, is being developed as a strategic international tourism destination and marks a new era in the rapid evolution of Abu Dhabi, the largest of the seven emirates which form the UAE Federation.

Saadiyat Island will be developed in three phases with total completion scheduled for 2018. The masterplan envisages six highly individual districts and includes 29 hotels, including an iconic 7-star property, three marinas with combined berths for around 1,000 boats, museums and cultural centres, two golf courses, civic and leisure facilities, sea-view apartments and elite villas.

Saadiyat Island will be home to the Guggenheim Abu Dhabi - at 30,000 square feet, the world's largest Guggenheim contemporary art museum.

Saadiyat Island will be linked to the main Abu Dhabi island and the Abu Dhabi mainland via two, 10-lane freeways making the destination easily accessible to Abu Dhabi International Airport, which will be just a 25 kilometre drive away.

Saadiyat Island is being developed by the Tourism Development & Investment Company (TDIC), an independent public joint stock company of which Abu Dhabi Tourism Authority is the sole shareholder. TDIC's strategy is to dispose of development land on the island to private investors who will each develop their sites in accordance with the masterplan and supporting planning regulations and design guidelines.

About Tourism Development & Investment Company:
Tourism Development & Investment Company (TDIC) is a public joint stock company established under Law No: 12 of 2005 as decreed by the Abu Dhabi Ruler and UAE President, His Highness Sheikh Khalifa Bin Zayed Al Nahyan. TDIC is an independent organisation empowered to manage the tourism investment zones of the Abu Dhabi Tourism Authority (ADTA), which directs and implements strategy for the expansion of the emirate's tourism sector. TDIC will develop the real estate assets that support ADTA's mission of assisting UAE economic diversification through tourism development.

TDIC shareholding, fully owned by ADTA, operates along strictly commercial lines with its projects being self-sustaining and economically feasible. Its activities include creating development and tourism related concepts for specific sites and locations, disposing of, or repositioning, government-owned tourism related assets, entering into joint ventures with investment partners for assets such as hotels or residential products, as well as serving as the master developer for large scale projects.

For further information: Barbara Saunders, MCS/Action.
Tel: +9714 390 2960
fax: +9714 390 8161
Or visit Saadiyat Island online at: www.saadiyat.ae

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