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Tue 16 Dec 2014 11:29 AM

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Abu Dhabi's Aldar in talks to launch hotel in Kazakhstan

First project outside of UAE to form part of the $1.6bn Abu Dhabi Plaza in the capital city of Astana

Abu Dhabi's Aldar in talks to launch hotel in Kazakhstan
Abu Dhabi Plaza rendering. Image: whitbymohajer.com

Aldar Properties is in the final stage of negotiations with Starwood Hotels & Resorts on a 190-key hotel in Kazakhstan, marking the firm’s first project outside of Abu Dhabi.

Aldar, which has 2,536 hotel keys in total, 2,259 of which are situated on Yas Island, already has Yas Viceroy, Tilal Liwa Hotel, Yas Crowne Plaza and Hala Arjaan in its portfolio.

Jahed Rahman, Aldar Properties director of hospitality & leisure commented: “Abu Dhabi Plaza is a milestone development for Aldar, and underpins the close ties between the UAE and Kazakhstan.

"The project will serve to enhance Astana’s status as a business destination and further diversify the strong economy there.

"We are delighted to have initiated a partnership with Starwood, and are confident they will play a key role in the future success of this development.”

The hotel will form part of Abu Dhabi Plaza (ADP), a major mixed-use development located near the President’s palace in the capital city's Central Business District.

The scheme is set on a 4.46 hectare site and is currently being developed by Aldar on behalf of the government of Abu Dhabi.

In addition to a 190-key hotel with associated 100-key serviced apartment block, the mixed-use development comprises a 75-storey mixed use residential tower which is 320 metres in height, two international grade office towers a retail, a leisure and F&B podium, integrated plaza and a public area.

ADP is the primary development on the city’s masterplan, and will be a key landmark for Astana.

Aldar has compared the development to the World Trade Centre, Abu Dhabi in terms of its composition.

Construction of Abu Dhabi Plaza in Kazakhstan will cost $1.6 billion, according to the country’s Minister of Industry and New Technology and Vice Prime Minister Asset Issekeshev.

ADP is currently under construction by a joint venture of Arabtec and Consolidated Contractors Company ‘CCC’ under a AED4 billion ($1.09 billion) contract with Aldar Properties, which was awarded in June last year.

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