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Sat 16 Jul 2016 12:39 AM

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Dubai's Najibi hires consultant for $297m Australian project

LA-based Thinkwell will master plan and design active lifestyle destination on Sunshine Coast

Dubai's Najibi hires consultant for $297m Australian project
The Sunshine Coast project will comprise a worlds first Wave Reservoir, a world-class waterpark and extreme water sports facilities, a Olympic standard training centre, a 4 star hotel, a conference and exhibition centre, restaurants and retail outlets.

Dubai-based conglomerate Najibi Group has appointed a lead consultant to work on its first venture on Australia's Sunshine Coast - an AUS$400 million ($297.3 million) "active lifestyle" destination.

The company, which recently opened the doors to its new investment and development company Sanad Capital Pty Ltd in Australia, said it has hired Los Angeles-based Thinkwell Group for the yet to be named project.

The Sunshine Coast project will comprise a world's first Wave Reservoir, a world-class waterpark and extreme water sports facilities, a Olympic standard training centre, a 4 star hotel, a conference and exhibition centre, restaurants and retail outlets.

"Having visited the site and after a series of intensive meetings with Sanad Capital's senior management, we are very proud to announce that we are a part of this once in a lifetime project and are very happy to add it to our list of world class destination projects," said Joe Zenas, CEO of Thinkwell.

Thinkwell is an entertainment, experience design and production company, responsible for the creation of some of the world's most renowned destinations including Ferrari World in Abu Dhabi, MGM Studio City in South Korea, Dubai's Expo 2020 winning bid and the London 2012 Olympics.

The company will master plan and design what is set to be the region's first of its kind project.

"We have always said that this development would be special, but now, with Thinkwell as our partner, we cannot wait to show Australia, and indeed the world, what is about to come to the Sunshine State. Thinkwell is a global leader, a visionary and a trend setter and that's exactly what this project deserves," says Bradley P. Sutherland, CEO of Sanad Capital.

Further details on the development will be released later this year and construction is set to begin in 2017.

It will generate a further AUS$29 million annually in salaries and wages post completion, it added in a statement.

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