Construction has begun on Abu Dhabi’s AED8 billion ($2.18 billion) Capital Centre development, Abu Dhabi National Exhibitions Company (ADNEC) said on Wednesday.
The project is one of the largest development on the main island of Abu Dhabi and is being built around the new Abu Dhabi National Exhibition Centre, located near the airport, to meet demand for commercial and residential facilities.
On completion in early 2011, Capital Centre will house a ‘micro-city’ of 23 towers, including six branded hotels, four commercial buildings, eight residential and serviced apartment complexes and five mixed-use developments.
Also featured in Capital Centre will be a 2.3 kilometre waterfront ‘Marina Zone’, a proposed monorail and a shopping mall featuring restaurants, retail outlets, and cinemas.
The most distinctive feature of the development will be the 35-storey Feature Tower, which will include a 200 room five-star hotel and 20,000 square metres of office and retail space.
The 23 towers that form the Capital Centre Micro-City will be located on the land currently occupied by Abu Dhabi's old exhibition venue, which is scheduled for demolition.
“Capital Centre will have a huge economic impact on Abu Dhabi. The development will directly support business, trade and investment, in addition to stimulating events which themselves encourage the tourism and hospitality sector,” said Simon Horgan, ADNEC chief executive.For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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