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Thu 31 Mar 2016 11:21 AM

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$230m marina project planned for Abu Dhabi

Al Barakah International Investments said to build 150,000 sq m mixed-use scheme in Maqta

$230m marina project planned for Abu Dhabi

A new leisure and entertainment scheme is to be built in Abu Dhabi by the middle of 2018, state news agency Wam has announced.

The new project is said to comprise a 98-berth marina with cafes and restaurants, a 5,000 sq m aquarium, and three-to-four storeys of furnished apartments for rent.

It is reported to cost AED850 million ($231 million)  and is being built as part of Abu Dhabi’s Comprehensive Master Development Plan and Abu Dhabi Vision 2030, according to Musabbah Al Marar, acting director-general of Abu Dhabi Municipality.

Named Al Qana, the 150,000 sq m scheme is to be located on waterside land in the Maqta area of the emirate and is expected to be completed in the second quarter of 2018.

Developer Al Barakah International Investments said it had leased 2.5 kilometres of land from Abu Dhabi Municipality to construct the project.

Managing director Moataz Mashal said: “The tourist market is expanding in Abu Dhabi with what Etihad Airways is doing [in terms of network expansion]. This is one of the main projects that will start putting Abu Dhabi on that map.”

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