www.abudhabichamber.ae | 1

ISSUE 45 SEPTEMBER 2014

Projects

Aldar’s asset management portfolio poised for growth

Aldar Properties’ asset management portfolio is set for growth during the next few years with the development of new hotels, residential units and retail outlets currently on the way, according to Talal Al Dhiyebi, Aldar’s executive director for asset management. “We have 77 million square metres of land bank within the emirate of Abu Dhabi. That gives us the opportunity to develop different asset classes in different areas, [and provide] different products for the market be it residential product for sale or lease, retail, community shopping malls, strip malls, as well as office blocks, and expanding our hotel portfolio,” he told in an interview. Such expansion will be seen with the opening of Yas Mall in November, new residential units the company is currently assessing and new hotels including the upcoming Courtyard by Marriott.

Despite high demand for its various units in Abu Dhabi, Al Dhiyebi said that Aldar’s primary focus remains the emirate of Abu Dhabi, and that it is currently not seeking penetration into the Dubai market. More…

Tourism Development & Investment Company (TDIC), the master developer of major tourism, cultural and residential

destinations in Abu Dhabi, revealed today the first residential development in the Saadiyat Cultural District. Mamsha Al

Saadiyat, meaning 'Saadiyat Walk', which will be showcased at Cityscape Global 2014, is a 1.4 kilometer beachfront mixed-use

project that will offer residents a luxurious beach-inspired lifestyle as well as easy access to diverse retail, dining and

entertainment features.

The new residential development will be unlike any other in the UAE and throughout the region where future residents will live

in a beachfront property that is minutes from the heart of Abu Dhabi's future cultural hub. The Saadiyat Cultural District will

become home to three iconic world-class museums - Louvre Abu Dhabi, Zayed National Museum and Guggenheim Abu Dhabi -

along with The District, a premier retail destination that is being developed in partnership with L Real Estate (LRE), a global

real estate development and investment fund sponsored by LVMH. More…

Luxe Condo Project Announced in Abu Dhabi,

Adjacent to Louvre and Guggenheim

www.abudhabichamber.ae | 2

ISSUE 45 SEPTEMBER 2014

Visit Abu Dhabi Chamber new and improved

Online Commercial Directory >>>>>>>>>>>>>

Abu Dhabi to unveil cruise passenger terminal

The concept design of Abu Dhabi's planned permanent cruise passenger terminal is to be unveiled later this month

at Europe's most prestigious cruise event.

The model is being showcased by Abu Dhabi Ports Company (ADPC) at Seatrade Med 2014, which runs from 16-18 September in Barcelona, Spain.

Captain Mohamed Juma Al Shamisi, CEO, ADPC, and Sultan Al Mutawa Al Dhaheri, acting executive director tourism, TCA Abu Dhabi, will reveal plans for Abu Dhabi's new Zayed Port cruise passenger terminal and outline a number of initiatives which are expected to boost the Emirate's cruise appeal.

ADPC and TCA Abu Dhabi will present the new building concept, which was chosen following an international design competition, with the help of a scale model and a video 'fly-through.'

Ground clearance for construction of the terminal is underway, a statement said. More…

Deep below the ground you walk on in the Capital is a city of pipes — a complex network encompassing thousands of kilometres; the lifeline of sewage disposal in the emirate.

“There are the electric wires; water and gas pipes; and the last is us, 100 metres below ground,” said Alan Thomson, managing director of Abu Dhabi Sewerage Services Company (ADSSC). This network of 7,000km of sewer pipes collects everything that is flushed down the drain and transports it to treatment plants.

“Presently, Abu Dhabi produces 850 mega litres (850,000 cubic meters) of sewage per day. It all goes through three stages of treatment, and the result is water as clear as this one in the glass,” he illustrated. The treated wastewater ends up with zero per cent impurities, being just one step further from becoming potable. That step, involving adding minerals to the purified

water, is a massive investment and not yet worth it. More…

An underground city of pipes in Abu Dhabi

Emirates Global Aluminium (EGA) is expected to build a $3 billion alumina refinery that has targets for a production rate of four million tonnes annually in Abu Dhabi, the company’s chief executive officer, Abdullah Kalban, announced on Tuesday.

The refinery is set for operations towards the end of 2017, and will be used to produce primary aluminium in order for the UAE to secure its own raw materials .

Kalban was speaking on the sidelines of the 29th International Aluminium Conference, which kicked off in the capital on Tuesday during which he said that global demand growth in the industry is expected to sustain at 5.8 per cent per annum till

2020.. More…

EGA to build $3b alumina refinery in Abu Dhabi

www.abudhabichamber.ae | 3

ISSUE 45 SEPTEMBER 2014

Total Project Value Estimates in US$ Billion

*Estimates

No. Clients Name Projects Value (US$ Billion)

1 ALDAR Properties 105

2 Abu Dhabi Department of Transport (DOT) 54

3 Abu Dhabi National Oil Company (ADNOC) 53

4 Abu Dhabi General Services PJSC (Musanada) 34

5 Tourism Development & Investment Co. (TDIC) 32

6 Masdar (Abu Dhabi Future Energy Company) 29

7 Abu Dhabi Oil Refinery Company (Takreer) 28

8 International Petroleum Investment Co. (IPIC) 28

9 Al Qudra Real Estate 26

10 Abu Dhabi Tourism Authority (ADTA) 24

Source: Ventures Middle East – January 2014

Abu Dhabi Emirate Contractors Awards Value

Abu Dhabi Emirate Major Players

www.abudhabichamber.ae | 4

ISSUE 45 SEPTEMBER 2014

Abu Dhabi Chamber of Commerce & Industry

Abu Dhabi, UAE P.O. Box: 662

www.abudhabichamber.ae

To share your projects news with us please E-mail us at: trade@adcci.gov.ae