Cityscape showcases $400bn developments

Cityscape special: Abu Dhabi's debut exhibition is set to display projects from 50 countries.
Cityscape showcases $400bn developments
By James Bennett
Sun 06 May 2007 02:17 PM

Cityscape Abu Dhabi will showcase US$400 billion worth of property projects when it opens on Tuesday May 8 in the UAE capital.

Over 200 exhibitors from 50 countries will have their developments on show at the largest property investment and development franchise in the world.

Under the patronage of His Highness General Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Cityscape Abu Dhabi is debuting at the Abu Dhabi National Exhibition Centre (ADNEC). Over 12,000 participants are expected to attend the three-day event that will showcase over US$400 billion worth of projects.

Homegrown projects financed by the Abu Dhabi government and locally-based real estate heavyweights including the Tourism Development & Investment Company (TDIC), Sorouh Real Estate, Aldar Properties, Al Qudra Real Estate, Reem Investments and Tamouh Investments have all committed to a significant presence at the event as development projects in the UAE capital alone top US$270 billion.

Rohan Marwaha, Cityscape group director, said: "This is the first time the brand has ventured into Abu Dhabi. We have been overwhelmed by the positive response. This is an ideal opportunity especially for Abu Dhabi to showcase some of its spectacular projects to an international audience."

TDIC is responsible for the Saadiyat Island development at a cost of US$27 billion, while Aldar Properties is developing the US$18 billion Al Raha Beach project and Yas Island projects that includes a Ferrari theme park and race track due for completion in 2009 and estimated at US$40 billion.

Meanwhile Sorouh is leading the US$6 billion Al Shams Development with Tamouh Investments the principal developer of the US$8 billion Al Reem Island Development. The US$9 billion Danet Abu Dhabi is Al Qudra Real Estate's landmark project, not forgetting ADNEC's own US$2 billion Capital Centre project.

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