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2030 Plan set to drive Abu Dhabi development,
economy, and impact on global investment
ALDAR Properties PJSC, the renowned
international property development company,
attended the prestigious MIPIM exhibition
held in Cannes, France. Taking its
world-class developments Al Dana precinct on
Al Raha Beach and the entertainment
destination, YAS Island to the event, ALDAR
raised awareness of its developments in Abu
Dhabi, as well as contributing to the global
awareness of the emirate.
The 2030 Plan announced by the UAE capital
city Abu Dhabi in November 2007 set out
guidelines for infrastructural plans in light
of the massive development and expansion the
emirate is set to experience. ALDAR has
worked closely with the Urban Planning
Council and its partners in Abu Dhabi such as
Etihad, TDIC, ADTA to ensure that all of the
visionary tourism destinations and
developments are in-line with the overall
vision of the Emirate.
"The impact of these developments to the
world is what they have to offer to visitors,
business, and residents. In this development
phase it is critical to align with the
government to ensure that infrastructure and
urban planning is carefully planned, creating
developments which compliment the existing
surroundings," said Ronald S. Barrott, CEO
ALDAR Properties. "Delivering residential and
business areas that will attract global
industries and financial institutions, is
part of our contribution towards Abu Dhabi's
next economic boom, and we take this
responsibility very seriously."
The Al Dana precinct of Al Raha Beach is the
commercial hub of the waterfront development.
Attracting world business through its
commercial offering, the creation of Al Dana
is an integral step in the growth of the
emirate as a global player. The Abu Dhabi
World Trade Centre will contain 32,000 square
metres of office space, set to attract a
variety of multinational organizations. Abu
Dhabi is currently growing exponentially
economically, as the UAE's non-oil economy
grew by approximately 10 per cent in real
terms last year and more than 20 per cent in
current prices to become the fastest growing
sector in the six-nation Gulf Co-operation
Council (GCC). This up and coming commercial
hub in Abu Dhabi will benefit the regions
economic growth which will have an impact on
the overall global economy.
Already traffic to Abu Dhabi is on the rise,
and the continued allure of setting up in Abu
Dhabi is a testament to the effort of the
emirate in attracting global players to the
market, partly through the commitment to
developing its infrastructure in line with
overall urban development. The airport
witnessed a total of 730,404 passengers in
December 2007, a 40.4% increase over the
520,133 passengers realized in December 2006.
The number of aircraft movements increased
19.9% during the same period, rising from
6,517 in December 2006 to 7,811.
With YAS Island, ALDAR's global tourism
destination, the company has the advantage of
creating theme parks with the latest
technology. YAS Island will be home to the
world's first Ferrari theme park, Ferrari
World Abu Dhabi. In addition, the luxury
destination will also be home to a Warner
Bros theme park and a world class Formula
One™ racetrack, which will be hosting the
Abu Dhabi Grand Prix commencing in 2009.
"Abu Dhabi is setting the stage for massive
influx of international commercial and
tourism traffic to the emirate. Preparation
to accommodate the growing status of capital
city encompasses more than development, it
also necessitates careful planning, strategy
and timely executions of all of the various
aspects to a maturing city and economy,"
concluded Ronald S. Barrott, CEO ADLAR
Properties.
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