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Aldar reveals plan to build 14 marinas

Aldar Properties, Abu Dhabi’s biggest real estate developer, has launched a new subsidiary which will build 3,500 berths in 14 marinas across the emirate.

The new company, Aldar Marinas, will offer facilities for the buying, selling and maintenance of sailing yachts, motor and day boats as well as other types of craft, CEO Ronald Barrott told a press conference at the Cityscape exhibition in Dubai.
“There’s a big opportunity for the sailing industry here, but good facilities do not exist,” said Barrott. “The industry needs to grow and we want to turn Abu Dhabi into an international luxury boating destination.”

Barrott said that the first marina was scheduled for completion by the end of 2009.

Just last week, Prince Albert II of Monaco said that Abu Dhabi could be come one of the world's premier hubs for superyachts.

"I admire the way Abu Dhabi is going about promoting itself within the superyacht community and believe it has great potential," said Prince Albert, during a visit to the Abu Dhabi stand at the Monaco Yacht Show.

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