April - Welcome to Abu Dhabi Cha

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					Monthly publication for projects in UAE - Published by Info-Center                                                           Issue No (2), April 2007

                                   84 Billion Dhs..New Projects
                                            in Abu Dhabi
  Abu Dhabi unveils big eco-tourism project
  Abu Dhabi launched a Dh11.5 billion eco-tourism project - Desert Islands - combining six nature reserves spread across eight islands, including
  Sir Bani Yas, Dalma and Discovery. Desert Islands will attract around 250,000 visitors when the first phase is completed in 2010, rising to over
  a million a year by 2017. All these islands will be linked by a ferry and hydrofoil service, water taxis, private resort boat service and regional
  and sea planes. The Desert Islands experience will begin with the 'Marsa Jabel Dhanna' gate, which will include a 150-room beachfront hotel, in
  Jabel Dhanna, 250 km from Abu Dhabi, which will be the destination's arrivals, departure and logistics hub. The 87 square kilometre Sir Bani
  Yas Island, which lies eight km off the mainland, is the heart of the destination. Sir Bani Yas is approximately the same size as the South
  Atlantic Ocean's Ascension Island or Guernsey in the Channel Islands. It is also home to 68 species of birdlife. Along the island's shore are
  sandbanks, inlets and mangrove-fringed inter-tidal lagoons frequented by flamingos, sea gulls and cormorants. There are also two freshwater
  'bird lakes' where wild fowl gather. Other birdlife which can be spotted on the island include pintails, shovelers, blackwinged stilts, teals, crab
  plovers, avocets and grey herons. The Arabian National Park, which will be home to free roaming animals, will take up more than three quarters
  of the entire island with resorts, eco-lodges and campsites and, at its centre, the Falcon Lodge Peak, where visitors can take lessons in falconry
  in a spectacular setting with entire island views. Tours of the National Park will be by jeep, cycle and hiking tracks and hot air balloons.
  (Gulfnews 30/4/2007)

 TDIC partners with Al Farida to build Dh500                      Reem Island to get Dh800m project
 million complex at Zayed Sports City                             Empire International Investments, the real estate division of the
 Tourism Development and Investment Company                       multidisciplinary Empire Group, unveiled yesterday its Dh800 million
 (TDIC), which manages the tourism assets of the Abu              'Waterfront Residence' on Reem Island in Abu Dhabi. Empire Group will
 Dhabi Tourism Authority (ADTA), has partnered with               finance the project, but it said buyers can finance their units through Abu
 Abu Dhabi's Al Farida Investment Co for a Dh500                  Dhabi Commercial Bank (ADCB). The 57-storey development is located
 million hotel, apartment and shopping centre around              adjacent to the Quad Building - the focal point of the island. Due for
 Zayed Sports City, a statement said. The five-star               completion by mid-2009, apartments are available on a 99-year lease.
 complex, known as 'Bridgeway at Zayed Sports City',              Exclusively styled, the spacious one-, two-, three- and four-bedroom
 will boast a 306 room, 11-storey hotel, 146 serviced             apartments come in unit sizes of 990, 1,390, 1,825 and 2,785 square feet
 apartments, 91 residential apartments, a health club,            respectively. Asteco has been appointed for apartment sales. Norton Rose, the
 conference centre as well as a ground floor shopping             leading international law firm, is the legal consultant. Conceptualised by
 centre with 6,000 square metres of lettable retail space         AEDAS, the structural engineering contract has been given to Whitby and
 and a food court. It will be served by 600 underground           Bird. (Gulfnews 10/4/2007)
 car parking spaces, in addition to ample surface
 parking. Spanning some 101,200 square metres,
 the complex, which is due for completion in the
 fourth quarter of 2009, will be clearly visible from
 the capital's Airport Road, yet overlook nearby                   Jumeirah to manage new $3b hotel in Abu Dhabi
 public gardens, and will serve one of the UAE                     Jumeirah, Dubai Holding's hospitality subsidiary, yesterday signed a contract
 capital's fastest-growing residential areas. The                  to manage the new Dh3 billion beach-front development located in Khalideya
 hotel will be managed by an international operator                area in Abu Dhabi. Jumeirah Etihad Towers, developed by Shaikh Suroor
 yet to be appointed and features a 41 metre-high                  Department of Special Projects (SSPD), will feature several towers including
 glazed atrium with a suspended oyster lounge, all-                a hotel, an office building and serviced residences as well as commercial and
 day dining restaurant. The park-view apartments                   retail space. The project management for this prestigious new development is
                                                                   handled by Hill International, the assigned architects for the project are DBI
 tower will offer a mix of 146 serviced apartments,
                                                                   and ACC is the main contractor. Scheduled to open late 2010, the 60 storey
 54 of which are studios and 92 one-bedroom units,                 luxury hotel tower will comprise 400 beautifully appointed guest rooms and
 in addition to 91, two bedroom, long term rental                  suites as well as 200 fully-serviced apartments varying from studios to
 apartments. (Gulfnews 9/4/2007)                                   spacious one, two and three bedroom apartments. (Gulfnews 17/4/2007)
       Issue No ( 2 ) April 2007                                                                                               Page    (1)

  Aldar forms joint venture for Abu Dhabi resort
  Local real estate developer Aldar Properties has formed a joint venture with Abu Dhabi-based National Corporation for Tourism &
  Hotels (NCTH) to develop a resort and residential development on two islands next to the Intercontinental Hotel off the western coast
  of Abu Dhabi. The development will link Coconut island and another larger island to create a lagoon, which will form the central
  feature of the resort. The resort will be made up of 128 guest rooms, two royal suites, 20 club suites and 10 private villas. It will also
  feature a health and fitness club, spa and four restaurants. Discussions with an operator to manage the resort are under way. The
  development will also include five-bedroom villas that will be sold to UAE nationals and five storey apartment buildings. US-based
  Parsons Brinckerhoff is the project manager.      (MEED 27/4/2007)

      Eshraq unveils Dh7.5b project
      Eshraq Properties, a UAE and Saudi Arabia joint venture, has unveiled
      its mega development Marina Rise, a Dh7.5 billion project on Reem
      Island in Abu Dhabi. The scheme will be spread over 10 million
      square feet and is considered the largest development so far announced
      on the island. Abu Dhabi Islamic Bank (ADIB) will manage a Dh1b
      private stock offering for Eshraq properties. Stocks will be offered to
      investors through the bank's branches with the aim to raise capital for
      other upcoming projects. The company has worked very closely with
      New York-based design firm Khatib and Alami Design Group, to
      ensure that each product offers every modern amenity in a chic and
      functional setting. The project will include three high-rise towers
      featuring waterfront apartments . It will also offer studio, one and two
      bedroom flats with a spectacular river and sea views as well as
      boutique retail shops and four office towers. (Gulfnews 5/4/2007)

  Borouge awards Dh11.3b contracts for new units
  Borouge, Abu Dhabi-based polymer manufacturers, awarded two engineering, procurement and construction (EPC) contracts worth
  Dh11.3 billion ($3.08 billion) for its Borouge 2 expansion project at its production facilities at Ruwais in Abu Dhabi. This is the third
  in a series of contracts awarded by the company,totalling Dh16 billion that includes a $1.3 billion ethylene cracker contract awarded in
  December 2006. The EPC contract to construct three new Borstar Technology polyolefins units has been awarded to Tecnimont SpA
  of Italy on a lumpsum turnkey basis for approximately $1.85 billion. The project will be managed from Tecnimont's office in Milan
  and is scheduled for completion in 38 months including pre-commissioning. This contract will lead to development of two new Borstar
  polypropylene plants with an annual capacity of 800,000 tonnes and a new Borstar enhanced polyethelene plant with an annual
  capacity of 540,000 tonnes which will complement the existing 600,000 tonnes unit. The contract for utilities and offsites has been
  awarded to Technicas Reunidas of Spain on a convertible lumpsum turnkey basis. It has an estimated final agreement price of $1.23
  billion. This project will be managed from TR's office in Madrid and is scheduled for completion in 34 months including successful
  test runs. This plant will supply the utilities to all the associated packages. Borouge, a joint venture between Abu Dhabi National Oil
  Company (Adnoc) and Borealis, a leading provider of plastics solutions, awarded a lumpsum turnkey $1.3 billion EPC agreement to
  Linde Engineering of Germany last December for construction of a new ethylene cracker. (Gulfnews 13/4/2007)

  TNI set to redevelop newly acquired hotel
  The National Investor (TNI), one of the region's leading merchant banking
  firms, has acquired the Abu Dhabi Mafraq Hotel, previously owned by the
  Tourism Development and Investment Company (TDIC). TNI plans to
  redevelop the property at a cost of around Dh70 million. This will be
  implemented in three stages: construction of a new 115-rooms, four-star
  hotel; refurbishment of the hotel's existing 120 rooms to international
  standards; and addition of commercial space linking the existing and new
  hotels. According to managing director of TNI's Real Estate Division, design
  development will begin in April 2007 and construction of the new hotel will
  take 18 months to complete. (Gulfnews 4/4/2007)

  Al-Jaber bids low for interchange                                                          Tabreed plans $5b expansion
Abu Dhabi ChamberGroup is the low& Industry- Information Center million)
 The local Al-Jaber of Commerce bidder at AED 754 million ($205                                      ‫غرفت تجارة وصناعت أبوظبي- مركز المعلوماث‬
                                                                                             Abu Dhabi-based National Central Cooling
  for the reconstruction of the Mafraq interchange. The two-year contract involves           (Tabreed) plans to invest at least $5 billion in
  the construction of twin, 37-metre-long bridges, 1,728 metres of viaducts, five            the coming five to seven years building
  kilometres of slip roads, and the widening of five kilometres of the existing Abu          cooling plants in the UAE and the Gulf, its
  Dhabi to Al-Ain highway. The other bidders are the local Saif Bin Darwish,                 chief executive said. Tabreed's expansion
  with a price of AED 844 million ($230 million), and the joint venture of Japan’s           plans include building new cooling plants in
       Issue No ( 2 ) April 2007                                                                                             Page     (2)

  Sorouh gives Shams bridge contract to Turkey firm
  Abu Dhabi-based developer Sorouh Real Estate yesterday said it has awarded a Dh223 million
  bridge contract to Turkish contractor Nurol Construction and Trading Company. Under the
  terms of the agreement, Nurol has 640 days to finish construction of 13 bridges at the Shams
  Abu Dhabi project. The 13 bridges will be constructed across four kilometres of artificial
  canals which will run through the Shams Abu Dhabi Project. Each of the five neighbourhoods -
  Garden District, Central Park, Theatre District, Marina District and Gate District - will have a
  distinct look with the bridges complementing the overall aesthetics of each district. Shams Abu
  Dhabi, a Dh25 billion development on Reem Island, is Sorouh's flagship project . The
  development is expected to be completed by 2011. (Gulfnews 25/4/2007)

  Madar plans investment of Dh200m                       ABB wins Dh520m power contract for Reem Island
  Building materials firm Madar said it has              ABB has won a Dh520 million contract to construct a 400 kilovolt grid station
  invested Dh300 million in the UAE and plans            project with a capacity of 1,500 megavolt ampere (MVA) in Reem Island from
  to spend Dh200 million more on building its            Reem Developers, Sorouh and Tamouh, Abu Dhabi Water and Electricity
  business support facilities by 2008. Madar             Authority (Adwea). Fully dedicated to Al Reem Island, the project was
  Emirates for Building Materials Company, a             approved by the Executive Council and will be connected to the Abu Dhabi grid
  subsidiary of Al Fozan group of Saudi                  through underground 400 kV cables. Integrated with Abu Dhabi and Saadiyat
  Arabia, supplies steel and wood for the                Island, the station will provide 1,500 MVA to the island aimed at providing a
  construction industry in the country. It               reliable supply of electricity. Al Reem Island will shortly receive its temporary
  achieved a turnover of Dh150 million in                power supply which is required for construction. The cost of this temporary
  2006, Madar Holding chief executive officer            network exceeds Dh20 million and it has a full capacity of 80 mega Volt
  said. (Gulfnews 12/4/2007)                             Ampere. (Gulfnews 5/4/2007)

  Final bids in for $10bn Abu Dhabi sour gas project
  Final bids have been submitted by the bulk of the world’s oil majors for the $10,000 million Abu Dhabi sour gas project. The
  exploration, which will be carried out with Abu Dhabi National Oil Company (Adnoc) and an international oil company (IOC), aims to
  deliver up to 3,000 million cubic feet a day (cf/d) of gas from onshore fields. The confirmed bidders for the project are the UK/Dutch
  Shell Group, the UK’s BP, France’s Total, ConocoPhillips and Occidental Petroleum Corporation of the US, and Wintershall, a
  subsidiary of the German chemical company BASF. Firms originally invited to bid, and who are understood to have, decided not to
  proceed with a bid include the UK’s BG, the US’ Chevron Corporation, and Italy’s Eni. BG Group has previously cited concerns over
  project delivery and safety for its decision to pull out. (MEED 20/4/2007)

  Borouge enters melamine market
  Abu Dhabi Polymers Company (Borouge) announced plans to enter into the melamine market by taking over the Ruwais melamine
  plant, originally planned as a joint venture of Abu Dhabi National Oil Company (Adnoc) and Austria’s AMI Agrolinz Melamine
  International. The melamine plant will have capacity of 80,000 tonnes a year. It will use urea feedstock supplied from the planned
  expansion of Ruwais Fertiliser Industries (Fertil). Melamine production technology will be supplied by AMI. Commissioning will
  take place once the Borouge olefins expansion occurs in 2009. (MEED 13/4/2007)

  DIB grants Dh735m loan to Al Hamad Group                                                                    Gasco invites technical
                                                                                                              bids for Ruwais
  Dubai Islamic Bank (DIB) announced that it has arranged credit facilities totalling Dh735
Abu Dhabi Chamber of Commerce & Industry- Information Center Dubai Industrial City.
 million for the Al Hamad Group for its new Dh2.38 billion project at                                          Abu ‫ أبوظبي‬Gas Industries
                                                                                                     ‫- مركز المعلوماث‬Dhabi ‫غرفت تجارة وصناعت‬
  Dubai Industrial City, an initiative of Dubai Holding, is one of the government's main                      Company (Gasco) has
  developments to support the growth of the industrial servicing sector in Dubai and across the               invited seven companies to
  UAE. The City will provide the infrastructure, services and logistical facilities to all                    submit technical bids by
  industries. The total value of Dubai Industrial City is Dh6 billion. (Gulfnews 30/4/2007)                   June for the $250 million
                                                                                                              engineering, procurement
       Issue No ( 2 ) April 2007                                                                                      Page     (3)

  Amec wins consultancy for Abu Dhabi oil programme
  The UK’s Amec is understood to have been selected for the project management consultancy
  contract on the programme to increase Abu Dhabi’s onshore oil capacity to 1.8 million
  barrels a day (b/d) from 1.4 million b/d. Under the terms of the contract, Amec will prepare
  tender documents, assist in the evaluation of technical bids and supervise the engineering,
  procurement and construction phase of the upstream programme. The client is Abu Dhabi
  Company for Onshore Oil Operations (ADCO). The scheme involves the development of the
  Bida al-Qemzan, Ruwais, Qusahwira, Bab and Northeast Bab fields. The work includes the
  drilling of production wells, the construction of gas-oil separation plants and interfield
  pipeline networks in the five fields. (MEED 20/4/2007)

  Abu Dhabi Executive Council approves development projects
  Abu Dhabi Executive Council reviewed a number of proposals regarding projects to develop
  services and improve government performance. It approved a proposal by the Housing
  Development Committee regarding building 200 villas at Al Dhafra Square in Madinat
  Zayed and the Western Region. The contract of the 600-day project was awarded to a
  company. It also approved a proposal concerning the executive council's budget for 2007.
  Proposals by the Department of Municipalities and Agriculture, Abu Dhabi Water and
  Electricity Authority and Abu Dhabi Economic Development Council were also approved.
  (Gulfnews 12/4/2007)

  Man-made Lulu Island opens to the public
  Lulu Island is part perfectly manicured and part rough terrain. The man-made six square
  kilometre island that stretches from the Abu Dhabi breakwater to the Mina Zayed area has
  finally opened to the public, years after rumours of its development began . Boats take
  visitors from a jetty near the Emirates Heritage Village to Lulu Island, where buses and a
  little train awaits them to take them around the island. There are four boats, and each can
  carry 25 people, as well as a sea bus which can carry 60 people. Officials say the number of
  boats and buses will be increased according to demand . Lulu Island, which lies north of Abu
  Dhabi, currently holds two restaurants and four coffee shops, two stretches of beach on the
  North and South shores of the island, changing rooms, cafeterias, a duned area, mosques,
  two artificial lakes, and a track for camel and horse riding. Given the huge expanse of land,
  the island still looks bare and unfinished in some areas. (Gulfnews 13/4/2007)

  Abu Dhabi signs Dh429m civic deals

 The Department of Municipalities and Agriculture, Abu Dhabi Municipality, last year signed 188 contracts at the cost of Dh4.47
 billion, a department report said. The civic contracts the department signed include eight road projects, 33 public park and garden
 projects, 12 building projects, six excavation projects, 86 maintenance works and 43 contracts in various sectors. Meanwhile, the
                                                                                                ‫)7002/4/8 - مركز المعلوماث‬
Abu Dhabi Chamber ofin February this Industry- Information cost of Dh429.13 million the report said. (Gulfnews‫غرفت تجارة وصناعت أبوظبي‬
 department has signed
                         Commerce & year contracts at a total Center
       Issue No ( 2 ) April 2007                                                                                                 Page     (4)

  Dh4 million project for new recreational areas in capital
  In a soon-to-be-launched development project, the Public Parks Department of Abu Dhabi Municipality will develop green areas and
  plant a large number of trees by the roadsides. According to resources work on the scheme would commence in the stretch from
  Baynounah Street to Sultan bin Zayed Street where a two-kilometre-long track would be laid in the green belt for joggers and walkers.
  The dense forest areas, which have not been utilised so far, will be part of the development project . Under the Dh4 million scheme, the
  recreation areas would have playgrounds and facilities for basketball, volleyball and other sporting activities for the benefit of the local
  population in Abu Dhabi. (Khaleej Times 28/4/2007)

  Plant to build rotating tower's pre-fab units
  An Italian firm is setting up a facility in Jebel Ali to produce pre-fabricated units for a
  revolving tower that it intends to build in Dubai. It said the facility will be set up with
  an investment of about Dh110 million, but the futuristic tower will cost about Dh1.28
  billion and it was looking for investors to fund the project. The fabricated units made in
  Dubai will be shipped to 11 other major cities including Moscow, Milan, New York and
  Tokyo, where similar towers will be built after one is completed in the emirate, said,
  chairman of Rotating Tower Technology Limited. Each floor of the tower will rotate
  within a set speed, enabling the building to constantly change shape. Each floor of the
  tower will consist of 12 modules that will arrive at the job site completely finished and
  with electrical, plumbing as well as air-conditioning systems ready for use. The planned
  Dubai skyscraper will have 68 floors and will be 313 metres high. It will comprise a
  six-star hotel, offices, apartments and five villas on the top floor. (Gulfnews 12/4/2007)

                                                India's Sheth Estate unveils Dh1.5b projects
                                                Dubai Indian developer Sheth Estate Ltd is pumping Dh1.5 billion into Dubai's real estate
                                                market with its first two ventures - Iris Blue and Iris Bay, a statement said. Iris Blue is a
                                                residential tower located within Dubai Marina scheduled for completion before the end of
                                                the year. Standing next to Grosvenor House at the main entrance of the Dubai Marina, Iris
                                                Bay tower will offer a 270-degree Marina view. From the comfort of each room, residents
                                                will enjoy full waterfront view with absolutely no chance of building blocking views in
                                                from any side of the tower. The 27-storey luxurious tower includes 46 one-bedrooms, 90
                                                two-bedrooms, 16 three-bedrooms and four duplex apartments. It stands above a five level
                                                podium which includes a double height lobby, shopping arcade with exclusive boutiques,
                                                multi-level parking, landscaped garden, children's park, an exclusive clubhouse with high
                                                tech facilities and a large swimming pool. (Gulfnews 20/4/2007)

  Medical complex at Techno Park
  Cedars International, a reputed German medical institution, yesterday laid the foundation stone for a medical complex in Dubai's
  Techno Park at cost of Dh1.15 billion. The medical complex will include residential apartments, German medical equipment and
  instrument makers, pharmaceutical units, a university hospital, medical technology and hospital management schools and specialist
  treatment centres. The medical technology complex will be the first German medical techno park to be set up outside Germany,
  Executive Manager of the Jebel Ali Free Zone Authority (JAFZA), said. The medical complex is expected to be completed in 2010,
  and is the fruit of cooperation between Dubai and Germany with the support of the two governments. (Gulfnews 8/4/2007)

     Al Futtaim Real Estate launches its Dh1b project at Dubai Silicon Oasis
    Al Futtaim Real Estate announced the launch of a Dh1 billion development project at Dubai Silicon Oasis, the region's premier
    integrated innovations hub for high-tech industries. The development will take place over a plot area of 62,820 square metres
    of land and will be built over three phases, the first of which will endure a cost of Dh200 million and is expected to conclude
    by the second quarter of 2008. The project will also include residential apartment blocks, serviced apartments, facility and
    recreation blocks and a ground floor car park with the associated access roads, surface car parks, landscaping, external works
Abu and all service utilities. (Khaleej Times 24/4/2007) Information Center
    Dhabi Chamber of Commerce & Industry-                                                          ‫غرفت تجارة وصناعت أبوظبي- مركز المعلوماث‬
       Issue No ( 2 ) April 2007                                                                                            Page    (5)

  Al Fattan will invest Dh1.85b in two Dubai                        Deyaar unveils Dh600m tower in Business Bay
  projects                                                          Deyaar, the real estate subsidiary of Dubai Islamic Bank (DIB),
  Dubai-based Al Fattan Properties yesterday announced              unveiled the Dh 600 million Windsor Manor, a luxury residential
  two major developments with a combined value of                   tower in Business Bay, a statement said. The project was
  Dh1.85 billion, a statement said. These include Al                showcased for an initial preview by investors at the recently held
  Fattan Currency House, a Dh950 million mixed-use                  International Property Show in Dubai. Designed to be an exclusive
  development comprising a 52-storey tower with                     address, Windsor Manor is another premium offering by Deyaar -
  serviced apartments, a modern office building and a               one of the largest developers in Business Bay and the largest
  retail and leisure pavilion. It will be built next to The         property management company in the UAE. Windsor Manor
  Gate in the world's newest international financial                offers well-planned apartments on 24 levels including one, two and
  cluster - Dubai International Financial Centre. And the           three bedroom and duplex one and two bedroom apartments with
  Al Fattan Experience Centre will also provide a                   lush outdoor gardens. (Gulfnews 13/4/2007)
  unique property marketing hub that will provide
  individual buyers and investors the opportunity to get
  a first-hand look and feel of the high quality and
  splendour of the company's residential, commercial
  and leisure projects. The Jumeirah Al Fattan Palm
  Resort, a Dh900 million ultra-exclusive resort
  development that is being built on The Palm Jumeirah.
  Comprising separate residences, serviced apartments,
  a spa retreat, marina, beach club and a five-star hotel,
  the project has been designed in an elegant foliage
  shape, in keeping with the unique spirit of The Palm.
  (Gulfnews 17/4/2007)

  ICI Investment launches Serena Residence in Jumeirah Village
  ICI Investment, a leading regional investment and development company has announced the launch of Serena Residence, a premier
  residential project at Jumeirah Village aiming to tap the affordable luxury niche of the real estate industry. Construction will
  commence soon on the project, which will offer investors a five story residential building containing town houses with private gardens
  and facing the swimming pool, one and two bedroom apartments in addition to duplex apartments (loft) in the fourth floor with
  spacious terraces and overlooking the gardens and the swimming pool. Residents will also be able to enjoy a myriad of additional
  amenities including retail outlets, a swimming pool and a gym when construction finishes in a predicted timeframe of 24 months.
  Meaning 'tranquil' in Latin, Serena Residence is strategically located in Jumeirah Village close to the Jumeirah beach, landscaped
  parks and serene gardens, with proximity to business hubs, major road networks like Sheikh Zayed Road and Emirates Road and
  shopping malls like Emirates Mall and Ibin Batouta Mall. (AMEInfo 2/4/2007)

  Dubai International Academic City launched
  Among the very first announcements at this year's Gulf Education and Training Exhibition was Dubai Knowledge Village (DKV)
  announcing the launch of Dubai International Academic City (DIAC), the world's only free zone dedicated to international higher
  education. Located in Dubai Academic City, DIAC will serve as the regional base for premier international higher education
  institutions. The project is expected to be completed in the next five to seven years according to business projections.
  (Gulfnews 14/4/2007)

  Dh500m The Pad to be launched at IPS
  Omniyat Properties, the real estate development arm of Omniyat Holdings, launched the
  world's first cybertecture apartment tower and the region's most technologically
  advanced building, the Dh500 million 'The Pad', at the third International Property Show
  to be held at the Dubai International Exhibition Centre from April 3-5, 2007. 'The Pad',
  considered the first cybertecture apartment building in the world, was first revealed
Abu Dhabi Chamber of Commerce The tower was designed by James Law, James Law
  during the Cityscape Dubai 2006. & Industry- Information Center                                 ‫غرفت تجارة وصناعت أبوظبي- مركز المعلوماث‬
  Cybertecture International, a consultancy based in Hong Kong and specialising in the
  design and strategy formation of cybertecture projects. The Dh500 million ($136 million)
  residential tower is being built on the extension of Dubai Creek in the Business Bay
  Development, which is accessible from the Shaikh Zayed Road with access to Dubai
  Mall. It is set for completion in the fourth quarter of 2009. The 24-storey residential
       Issue No ( 2 ) April 2007                                                                                              Page    (6)

                                               ETA Star unveils mall venture
                                               UAE property developer ETA Star has launched its first shopping mall in Dubai as part
                                               of a Dh1.5-billion mixed-use project in Business Bay. Starhill Towers & Gallery is a
                                               twin-tower waterfront development comprising freehold offices, a five-star hotel and a
                                               luxury shopping mall. The Starhill mall is being opened under a licensing and
                                               management contract with Malaysia's diversified YTL Corporation. Construction work
                                               will begin in the third-quarter of 2007 and the project is scheduled for completion in the
                                               second quarter of 2010. ETA also has projects in Oman, Qatar, Pakistan and India. It is
                                               considering mall ventures with YTL in other countries. (Gulfnews 16/4/2007)

  Rosewood property launched at Milan
  Rosewood by Greg Norman, the most exclusive community planned at Jumeirah Golf Estates, Dubai's leading residential golf
  development, was launched during the prestigious Salone Internationale del Mobile interior design exhibition in Milan. The
  community, consisting of 66 signature-design gallery homes, will set new standards in luxurious living in the Gulf. Each home will
  have between 10,000 and 12,000 square feet of living space, with expansive views of Greg Norman's Fire golf course. Homeowners
  will be able to choose between five different interior designs, which have been exclusively created by B&B Italia's Contract Division.
  The homes will be fitted with European designer kitchens and appliances, and with Bang & Olufsen home entertainment and sound
  packages including a home theatre system. (Khaleej Times 21/4/2007)

  Al Yasat Holdings launches Dh550m The One Tower in Dubai
  Al Yasat Holdings, launched of its AED.550 million The One Tower executive office block, the company's latest edition to its rich
  and growing regional portfolio. The One Tower will be strategically located at TECOM Free Zone on Sheikh Zayed Road, one of the
  most lucrative spots for business in Dubai, and will cater to the needs of ambitious and quality-seeking executives. The One Tower
  will mainly comprise of high-end office spaces in addition to a number of special facilities and services. The date of completion for
  the tower has been scheduled for mid-2009. Global Emirates Gates Investment LLC (GEGI) specialising in project development, has
  been appointed as Project Manager of The One Tower while Architects and Engineers handling the design of the project are Dewan Al
  Emara. (ameinfo 24/4/2007)

  New Dhs16 million park in Mirdif part of DM green strategy
  Dubai Municipality has recently finalised designs for a new Dhs16.1 million neighbourhood park in Mirdif which will offer the area's
  residents some 15,500 square meters of place to relax and unwind. Construction of the park, with a total area of 1.55 hectors will begin
  early next month and the facility will be ready by the end of this year, said Assistant Director General of Dubai Municipality for
  General Projects Affairs. (aminfo 25/4/2007)

    New Dhs16 million park in Mirdif part of DM green strategy
    Emaar Properties has launched a new residential project in Downtown Burj Dubai, Centro
    Towers, consisting of two high-rise apartment buildings. Located on the Burj Dubai
    Boulevard, Centro Towers are in close proximity to Burj Dubai, on its course to become the
    world's tallest tower. Centro 1 will be a 24-storey tower with two basement levels dedicated
    for parking. The apartment will feature studios, one-, two- and three-bedroom apartments.
    Centro Towers have several podium level amenities including swimming pool, children's pool,
    landscaped pool deck and a fully-equipped gymnasium. All apartments will feature advanced
    information technology and communication features. Residents can also enjoy outdoor
Abu activities including a Commerce &and poolside facilities. (aminfo 9/4/2007)
     Dhabi Chamber of barbecue area Industry- Information Center                                 ‫غرفت تجارة وصناعت أبوظبي- مركز المعلوماث‬
       Issue No ( 2 ) April 2007                                                                                                Page     (7)

  ARY to launch new real estate projects in Dubai                                     Istithmar to build over 50 easyHotels
  Leading UAE-based gold jeweller ARY said it plans to launch                         Istithmar Hotels, a unit of Dubai investment firm
  new real estate projects in Dubai this year. The company estimates                  Istithmar, plans to build more than 50 budget hotels
  the value of its planned projects at more than Dh1 billion. ARY                     in the region, raising its previous target by 12.
  Digital Tower in Dubai Media City, a high-rise hotel project on                     Istithmar last year said it would build 38
  Emirates Road, and a furnished apartment block in Dubai Marina                      easyHotels in five years under an agreement with
  will be among the new developments. The Dubai Media City                            London-based easyGroup. It planned to spend $400
  tower will have a 200-room hotel and commercial office space. It                    million to develop hotels in 17 countries across the
  will house production facilities and studios of ARY group's own                     Arab region, India and Pakistan, creating 3,800
  television channel, which currently operates out of Media City.                     rooms. (Gulfnews 30/4/2007)
  (Gulfnews 29/4/2007)

  Emirates Road to be expanded to 12 lanes                             Samsung wins bridges contract
  Emirates Road is being turned into a 12-lane                         South Korea's Samsung Corporation has been awarded an
  highway to cope with the increasing traffic                          estimated $350 million contract to build six bridges on the Palm
  congestion on the road, said a senior official at                    Jebel Ali. The design and build contract involves four of the
  the Dubai Roads and Transport Authority (RTA).                       bridges linking different sections of the crescent. A further two
  The RTA had earlier planned to expand the road to                    will connect the ends of the crescent with the mainland.
  five-lane dual carriageway. The expansion work                       Construction work is increasing on the 9.5 million-square-metre
  already started in June last year and is scheduled to                development, which now forms part of the Dubai waterfront. In
  finish in August. Number of lanes will also be                       September, the joint venture of the local APCC with Vibro
  increased on all the seven interchanges on the                       Foundation, a subsidiary of France's Soletanche Bachy, was
  Emirates Road to avoid congestion at exits.                          awarded the ground improvement works for the island. Local
  (Gulfnews 3/4/2007)                                                  developer Nakheel is the client. (MEED 6/4/2007)

  Dubai tackles congestion
  Dubai’s Roads & Transport Authority (RTA) has received bids for the upgrade of Mirdif interchange and issued tenders for a new
  junction on Shaikh Zayed road, as it continues to deal with chronic traffic congestion. The local Wade Adams Contracting is the low
  bidder with a price of AED 235 million ($64 million) for Mirdif. The other bidders are Turkey’s Yuksel, Japan’s Shimizu, and Afcons
  and Emirates Road Contracting, both local. The interchange will improve access to the growing number of residential developments in
  the area. The consultant is the local Al-Burj Engineering Consultants. The RTA has also invited bids by 29 April for a contract to
  build a new junction for Jebel Ali free zone on Shaikh Zayed road. Interchange 8 will provide access to the free zone and other major
  developments in the area, including Downtown Jebel Ali and Dubai World Central. The contract is the third phase of a larger scheme
  to widen and upgrade the Jebel Ali-Lehbab highway. The local Bin Hafeez General Contracting & Transport Establishment is working
  on the first phase, and Abu Dhabi-based Saif bin Darwish is working on the second. Cansult Maunsell, part of US-based Aecom, is the
  consultant. (MEED 27/4/2007)

  L&T wins Dh177.6m Nakheel order to build residential project in Dubai
  Larsen & Toubro Limited (L&T), India's largest technology, engineering, and construction company, has won a Rs2 billion
  (Dh177.6 million) order from Nakheel to build a residential project in Dubai. The entire construction is scheduled to be completed
  in 548 days from the date of commencement and involves the construction of 31 luxury villas. The scope of the project also
  includes building the associated infrastructure facilities consisting of 1,000 metres of roads and services, a pedestrian overpass, club
  house with recreational facilities, children's play area and complete landscaping. This is the third project from Nakheel being
  awarded to L&T. The previous projects are the middle bridges on the trunk of the Palm Jumeirah Island development, which has
  already been executed, and the Mogul Gardens. (Gulfnews 26/4/2007)

Abu Dhabi Chamber of Commerce & Industry- Information Center                                          ‫غرفت تجارة وصناعت أبوظبي- مركز المعلوماث‬
       Issue No ( 2 ) April 2007                                                                                              Page    (8)

  Empire to build Dh1.5b projects
  Empire International Investments, the real estate division of the multidisciplinary Empire Holdings, yesterday announced its plans
  to develop Dh1.5 billion worth of projects in Abu Dhabi and Dubai. "We recently set up and launched Empire International
  Investments to act as our real estate investment and development arm. Over the next few months we will be announcing projects
  worth over Dh1.5 billion in Abu Dhabi and Dubai," said chairman of Empire Holdings. "We are interested in investing and
  developing projects over the long term. Our mission is to create high end properties for residential and commercial use. We are also
  seriously looking at moving into the hospitality sector as well. Empire Holdings is a leading investment group based in Dubai
  focused on delivering strategic and financial products and services. (Gulfnews 5/4/2007)

  Joint venture wins Dh1.5b contract for Jebel Ali                           Al Fajer to raise Jumeirah Lakes investment to Dh4.5b
  wastewater treatment plant                                                 Real estate developer Al Fajer Properties will almost
  Al Ahmadiah-Aktor LLC, a local-Greek joint venture, has                    double its investment in Jumeirah Lakes Towers (JLT) in
  won a contract to build a Dh1.5 billion sewage treatment plant             Dubai to Dh4.5 billion. The company will expand its Dh2.5
  in Jebel Ali. Dubai Municipality signed the contract with the              billion Jumeirah Business Centre project - a cluster of five
  local contractor, Al Ahmadiah-Aktor LLC and Greek                          freehold commercial towers in the JLT master
  contractor Aktor SA for the construction of this 300,000 cubic             development, managed by Dubai Multi Commodities
  metre per day wastewater treatment facility. The contract                  Centre Authority. Strong demand for office space in Dubai
  constitutes the first phase of the new Jebel Ali Sewage                    and rising rental rates encouraged the company to pay
  Treatment Plant (STP) project which has a projected capacity               Dh440 million for four more plots in JLT, which will be the
  of 1.1 million cubic metres per day. This capacity will be built           site of a Dh2 billion group of four towers offering a mix of
  up over a number of phases which will be sized and                         offices, residential space and hotel rooms. The additional
  programmed to suit the growth in wastewater flows produced                 towers will be developed under the same brand and will
  by the ongoing and future development of Dubai. The new                    add 2.4 million square feet of built up area to the existing
  plant is to be built on a 675 hectare desert site located south-           3.1 million square feet being developed by Al Fajer. About
  east of the Jebel Ali Free Zone. The construction period for               75 per cent of the space will be commercial office units,
  completion of the Phase 1 works is three years.                            with the remainder made up of hotel and residential space.
  (Gulfnews 2/4/2007)                                                        (Gulfnews 2/4/2007)

  Nukote wins coating deal for Al Maktoum Floating Bridge
  Nukote Coating Systems Middle East, the UAE entity of Nukote
  Coating Systems International, has won the coating contract for the
  Dh115 million Al Maktoum Floating Bridge. When completed, the
  bridge will link Al Ittihad Road near Deira City Centre to the Al
  Riyadh Road in Bur Dubai next to the Creek Park. The new project
  is part of an integrated system aimed at reducing traffic congestion by
  37 per cent on Maktoum Bridge which now sees more than 150,000
  vehicles pass over it every day. The coating process will be
  conducted in three phases. Surface preparation work on the pontoons
  entails sweep blasting of the surface, followed by repairing and filling
  voids with adhesive fillers, followed by the application of a special
  fast-curing Nukote primer. The final step is the application of Nukote
  CG modified poly-urea coating. Clement Systems Middle East has
  been awarded the contract to implement the Floating Bridge project.
  (Gulfnews 12/4/2007)

  Al-Habtoor to build resort                              Atkins designs green tower
  The local Al-Habtoor Engineering Enterprises            The UK’s Atkins is working on the concept design for a low carbon emissions
  has been awarded the AED 1,000 million                  tower at Dubai International Financial Centre, its second major project in the
  ($272 million) main construction contract on            region to incorporate environmentally friendly elements. Known as the
  the Kempinski Palm Jumeirah Residences and              Lighthouse, the 400-metre office tower will be designed to reduce its energy
  Hotel. Located on the crescent of the Palm              consumption by up to 65 per cent and water consumption by up to 40 per cent.
  Jumeirah, the project will cover 100,000                This will be achieved by using passive solar architecture such as awnings, a
  square metres and comprises two seven-storey            series of low energy and low water use solutions and recovery strategies for the
  buildings. Local developer Emerald Palace               energy and water used. The building will also have integrated renewable energy
  Group is the client. (MEED 27/4/2007)                   sources, including wind turbines and 4,000 solar panels. (MEED 27/4/2007)

  Oger scoops Dh1.6b DIFC deal
                                                                                                has received -‫ أبوظبي‬contract for
  Construction firm Oger Dubai, a subsidiary of Lebanon's Hariri family-owned Saudi Oger group,‫ مركز المعلوماث‬the main‫تجارة وصناعت‬a‫غرفت‬
Abu Dhabi Chamber of Commerce & Industry- Information Center
  Dh1.6 billion project at the Dubai International Financial Centre (DIFC). The contract for The Buildings, a mixed-use development, is
  worth more than Dh1 billion, Oger Dubai general manager said. The 235-metre high The Buildings tower will have offices,
  residential apartments, retail space and a luxury hotel. The Buildings is owned by Daman Real Estate Capital Partners Limited, an
  entity representing a group of 14 investors led by Daman . (Gulfnews 10/4/2007)
       Issue No ( 2 ) April 2007                                                                                              Page    (9)

  Japan's Taiyo scoops Dh40m contract for cricket stadium roof
  Japanese contractor Taiyo Kogyo Corporation has been awarded a Dh40 million contract
  to build the roof of Dubai Sports City's Cricket Stadium. The 25,000 seat stadium, which
  is expandable to 30,000, will have state-of-the-art facilities for players, match officials,
  VIPs, spectators and the media. Taiyo Group has 85 years of history of for design,
  fabrication and construction of membrane roofs worldwide including the world famous
  Millennium Dome in London and Saudi Arabia's Haj Terminal. This is the first stadium
  in the world to use the premium self-cleaning Titanium Dioxide (TiO2) treated fiberglass
  material. The TiO2 coating greatly enhances the performance of the roof in all weather
  conditions. (Gulfnews 9/4/2007)

             Ghantoot to build roads
             The local Ghantoot Transport & General Contracting has been awarded the estimated Dh56 million ($15 million)
             infrastructure package at Dubai Techno Park. The six-month contract involves rough grading and road works. The
             design consultant is US-based Parsons International and the supervision consultant is Malaysia’s CHSS. (MEED

                                                UAE-German venture to build two world-class sports arenas
                                                Arabtec-Max Bogl, a UAE-German joint venture has won a Dh830 million contract to
                                                design and build a 60,000-seat multi-purpose outdoor stadium and a 10,000 capacity
                                                indoor stadium at Dubai Sports City. The contract will see the indoor stadium completed
                                                in April 2009 and the outdoor stadium by the end of that year. Designed by gmp, the
                                                architectural practice made famous for its work on the Olympic Stadium in Berlin and
                                                the Commerzbank Stadium in Frankfurt, both are set to be recognised internationally for
                                                elegance. Taken together, they will become key venues at Dubai Sports City (DSC),
                                                capable of hosting the most prestigious events and firmly positioning DSC and Dubai as
                                                a leading sports and entertainment destination. The 60,000 multi-purpose stadium will
                                                fully comply with specifications for international football, rugby, American football and
                                                athletics events, while the 10,000 seat indoor multi-purpose stadium will allow for a
                                                wide range of sporting events including ice hockey, basketball, tennis and volleyball. In
                                                entertainment mode, the venue will be capable of hosting concerts . (Gulfnews 12/4/2007)

  Jafza begins construction of convention complex
  Jebel Ali Free Zone Authority (Jafza), the wholly-owned subsidiary of Economic Zones World, has begun work on its Dh2 billion
  convention complex, a statement said. The complex, spread over 72,700 square metres, will comprise a convention centre, office
  buildings and a 322-room hotel. Located on Shaikh Zayed Road, the complex will have several facilities such as 22 meeting
  and conference rooms equipped with the latest technology, exhibitions halls, a 700-seat modular auditorium, a 22-outlet food
  court, two terrace restaurants, a fitness centre and a recreational area as well as 22 retail outlets, a VIP majlis, lecture halls and a
  4,100-unit car park. The complex will also comprise of a twin-tower commercial building that will house 1,274 offices .
  (Gulfnews 17/4/2007)

    KM Properties plans alcohol-free hotels
    KM Properties, the real estate arm of KM Holding, is to launch an alcohol-free Islamic hospitality and leisure management
                                                                                              ‫ 000,2 المعلوماث‬rooms in three to
Abu division, Tamani Hotels and Resorts. The company is currently developing eight to 12 hotels boasting‫غرفت تجارة وصناعت أبوظبي- مركز‬
    Dhabi Chamber of Commerce & Industry- Information Center
    five years with a further 8,000 rooms in the pipeline over the next eight years. A formal announcement is expected to take place
    at the Arabian Travel Market (ATM). KM Holding currently has more than 2,000 rooms in six prime locations in the UAE,
    which are currently being developed. These properties will be fully managed by Tamani Hotels & Resorts. (Gulfnews 27/4/2007)
       Issue No ( 2 ) April 2007                                                                                              Page     ( 10 )

  Emaar, Saudi Binladin                   to    build        Emaar targets Indonesia for leisure project
  residential facility                                       Emaar Properties, the largest Arab property developer by market value, said
  Emaar, The Economic City (Emaar.E.C), the                  it plans to develop a multi-billion dollar leisure and residential project in
  Tadawul-listed company developing King                     Indonesia. The project on the island of Lombok will be Emaar's last in a new
  Abdullah Economic City (KAEC), the single                  country for some time as the part Dubai-government owned company
  largest private sector-led project in the region,          focuses on its existing $100 billion of projects in the UAE, Pakistan and 13
  has contracted Saudi Binladin Group to build the           other countries. (Gulfnews 26/4/2007)
  first residential apartments at the mega
  development. Managing Director, Emaar.E.C,
  and President, Saudi Binladin Group, signed the
  contract to build the first residential facilities at
  KAEC which will include 1,040 modern
  apartments with all supporting services and
  landscaping. (Khaleej Times 30/4/2007)

  Tameer contracts Sigma                              Madar plans investment of Dh200m
  Consulting for Al Majd City                         Building materials firm Madar said it has invested Dh300 million in the UAE and
  Tameer Real Estate International Co                 plans to spend Dh200 million more on building its business support facilities by
  have contracted Sigma Consulting                    2008. Madar Emirates for Building Materials Company, a subsidiary of Al Fozan
  Engineers to design and masterplan its              group of Saudi Arabia, supplies steel and wood for the construction industry in the
  leading project, Al Majd City in Zarqa,             country. The company operates a distribution centre in Dubai Investments Park and
  Jordan. Al Majd City is considered the              recently finished work on a steel fabrication yard in the city. (Gulfnews 12/4/2007)
  first and one of the most prominent and
  largest real estate projects carried out
  by a developer in alliance with the
  Housing and Urban Development                       Al Derea plans Dh1b of projects in Dubai
  Corporation. Tameer will also consider              Saudi Arabia-based Al Derea Real Estate company's UAE unit plans to launch Dh1
  local and international real estate                 billion worth of property projects in Dubai. The projects being considered include
  agencies to join as investors in the                residential and commercial towers and a four-star hotel. Al Derea is currently
  project. The first phase of infrastructure          working on the Dh650 million residential Silicon Gates project in Dubai Silicon
  development has been completed and                  Oasis. It is scheduled for completion in November 2008. South Korean firm
  the rest of the project will be finished in         Shinsung Engineering and Construction has won the main building contract worth
  phases        over       nine        years.         more than Dh300 million. (Gulfnews 27/4/2007)
  (Khaleej Times 10/4/2007)

  RAK unveils Dh10b tourism and hospitality free zone
  The Government of Ras Al Khaimah will set up a Dh10 billion tourism and hospitality hub, International Hospitality Trade and
  Training Zone' (ihottz) on 350 acres of prime real estate. Ras Al Khaimah's Investment and Development Office (IDO) yesterday
  announced the joint venture with US-based Argentum Development Company LLC to construct ihottz. Located in Ras Al Khaimah,
  ihottz, estimated to cost Dh10 billion, will include a 260-acre hospitality industry free trade zone development and an additional 90-
  acre hospitality education campus. ihottz will provide focused trade support services and multi-level professional training for the
  expanding and dynamic hospitality industry in the region and beyond. The 90 acre ihottz Hospitality Training Campus offers a
  comprehensive and practical solution for the hospitality industry's worldwide and persistent challenge of securing a dedicated,
  qualified and experienced workforce. (Gulfnews 30/4/2007)

  Rakeen unveils Dh1.2b Bab Al Bahr resort in RAK
 Project development company Rakeen has unveiled the Dh1.2 Center                       ‫ مركز المعلوماث‬will feature a four-
Abu Dhabi Chamber of Commerce & Industry- Information billion Bab Al Bahr resort in Ras Al Khaimah. It-‫غرفت تجارة وصناعت أبوظبي‬
  star hotel, time-share apartments, freehold residential apartments, a shopping centre and an office tower.Bab Al Bahr will be the
  first project to be developed by Rakeen on the master developer's four-kilometre man-made Al Marjan Island and is scheduled for
  completion in 2009. Five residential buildings, incorporating 710 residential freehold apartments, are earmarked for construction.
  Apartments range from studios to three-bedroom apartments. Unit prices are still to be released. The project will also feature a 290-
  room four-star hotel resort, including 120 time-share apartments, in addition to a 25-storey Bab Al Bahr retail and office tower.
       Issue No ( 2 ) April 2007                                                                                             Page    ( 11 )

  Sharjah government to develop Dh150m hotel                               Air Arabia to build 300-room hotel at Sharjah
  The Sharjah government will invest Dh150 million in a                    airport
  new four-star hotel as part of a plan to develop its trade               Sharjah-based budget carrier Air Arabia said it will construct
  exhibition centre. Located at Expo Centre Sharjah, the                   a 300-room hotel at Sharjah Airport, to be managed by Abu
  200-room Novotel hotel will be operational by the end of                 Dhabi-based hotel management company, Rotana Hotels and
  2009. The chamber will invest between Dh150 million and                  Resorts. The property, which will include both standard
  Dh180 million in developing the hotel. Construction of the               rooms and suites, will offer comfort and convenience for
  building will begin by the end of 2007. The 15-floor hotel               travellers passing through one of the region's fastest-growing
  tower will be connected to an adjoining 12-storey office                 airports as well as for visitors to the emirate.
  block. (Gulfnews 12/4/2007)                                              (Gulfnews 16/4/2007)

                 Al-Ameera Village deal
                 Tameer Holding has signed a deal worth Dh522 million ($142 million) with fellow Sharjah-based firm Al-
                 Rajhi Projects & Construction to build phase one of the Al-Ameera Village project in Ajman. The deal
                 involves 41 residential buildings. When completed, the Al-Ameera Village will include a five-star hotel
                 and shopping mall, as well as residential and business facilities. (MEED 20/4/2007)

  Adieu to traffic woes?
  Sharjah has launched an ambitious road project to turn Al Wahda Street into a
  double-deck expressway. Junctions and roundabouts on this most congested road
  in Sharjah will either have free flow flyovers, tunnels or bridges. Currently around
  110,000 vehicles use Al Wahda Road every day. The work on the project has
  already started with the diversion of utility services. Around 1.6 km-long double
  deck road will be built between recently opened King Faisal Interchange and Gold
  Centre Intersection (junction at Al Wahda Street and Al Qasimi Road).The cost of
  the project is around Dh477 million and it will be completed in three years. The
  double-deck section will have two lanes on each direction. It will allow free flow
  of traffic along Al Wahda Street bypassing congested junctions at Abu Shagara
  and the Gold Centre. (Gulfnews 23/4/2007)

  Dh850m theme park to put RAK on tourism map
  Ras Al Khaimah will soon have a Dh850 million theme park with a host of attractions, including the largest man-made waterfall in
  the world. The model of the 120-acre WOW RAK, a multipart entertainment venue and theme park currently under construction at
  the Khor Qurm region, was unveiled at a function at Manar Mall. The theme park is being promoted by Polo RAK Amusements - a
  joint venture company between Polo Amusement Park from India, RAK Investment Authority and RAK Properties. WOW RAK
  will include two adjacent theme parks - Ice Land Water Park and Planet Earth Theme Park - with a capacity to cater to 15,000
  visitors per day, apart from a 12,000 square metre shopping mall and entertainment plaza and a resort. The water park will be ready
  for the public by May 2008 and the entire theme park will be completed in two years . (Gulfnews 23/4/2007)

  Arenco gets Abraj Al Fanar consultancy and design deal
 The consultancy and design contracts of Fujairah's Dh600 million Abraj Al Fanar, a new mixed development by Escan
 Development, were awarded to Arenco. The hotel will be in the four star category and will have 300 rooms and 100 hotel
 apartments, to serve of business community visiting Fujairah, Center                        ‫غرفت تجارة وصناعت أبوظبي- مركز المعلوماث‬
Abu Dhabi Chamber the Commerce & Industry- Information as well as tourists . (Gulfnews 8/4/2007)
      Issue No ( 2 ) April 2007                                                                                          Page   ( 12 )

      Arenco gets Abraj Al Fanar consultancy and design deal
      Expansion work at the passenger boarding hall of the Ras Al Khaimah
      International Airport has started. The Chairman of RAK Civil Aviation said
      the expansion plan will cover all the airport's facilities to cope with the
      increasing passenger movement. He added that the expansion work at the
      passenger boarding hall will be completed by next month, increasing its
      capacity to accommodate 700 passengers. Work will then begin at the
      Arrival Hall. He stressed that the expansion plan will cover all the airport's
      departments and facilities especially with the imminent launch of RAK
      Airways. He said the expansion plan will be carried by the engineering and
      projects department at the airport to get the expansion plan entirely
      implemented before the launch of RAK Airways. (Gulfnews 26/4/2007)

      RAK plans Indian townships
      The Ras Al Khaimah Investment Authority has signed a memorandum of understanding with the Tamil Nadu
      government to build two mega townships in the south Indian state for Dh2 billion. The first project in Coimbatore will
      come up on 1,000 acres and will have an Information Technology Special Economic Zone supported by an integrated
      feeder township with world-class facilities including malls, hotels and a golf course. The project, expected to be
      completed in five years, will have about five million square feet dedicated to information technology. The second
      township at Kadalur in Kancheepuram will have a 500-acre marina, water sports facilities, premium residences and a
      world class golf course. (Gulfnews 30/4/2007)

Abu Dhabi Chamber of Commerce & Industry- Information Center                                    ‫غرفت تجارة وصناعت أبوظبي- مركز المعلوماث‬

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