8= Saadiyat Island
Project Overview
Saadiyat Island,
northeast of Abu Dhabi city, is being developed as a cultural and tourism destination for the emirate.
The island has been divided into a number of zones, including Saadiyat Beach, Saadiyat Lagoons and Saadiyat Cultural District. It will include outposts of the Louvre and Guggenheim museums, as well as a performing arts centre and the Zayed National Museum.
The Saadiyat Beach Golf Club is already open and a number of five-star hotels, including a St Regis and a Rotana, will open in coming years. The museums are due for completion in 2012 and 2013.
Project Analysis
Construction wages stable despite cutbacks
Pay has remained the same since the end of the region’s construction boom in 2008, but overheads have gone down, meaning overall costs have dropped
Company Profiles
Al Jaber Group
Abu Dhabi’s largest contractor is developing divisions to provide basic materials and secure its supply chain.
Biographies
Sheikh Sultan bin Tahnoon al-Nahyan
Sheikh Sultan bin Tahnoon al-Nahyan
Company Announcements
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King and Spalding to present a global investment conference for energy companies in Middle East
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Starwood Hotels and Resorts redefines luxury on the Arabian Gulf Coast with the debut of the St. Regis Doha in Qatar
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St. Regis to introduce new Middle East hotels and resorts at Arabian Travel Market
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St. Regis Saadiyat Island Resort partners with Gearhouse Staging Connections as their preferred onsite event technology partner
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Cluttons: Abu Dhabi gives go ahead to resume projects on hold
MEED Events
Key Facts
Client: Tourism Development & Investment Company
Sector: Real Estate
Stage: Under construction
Budget: $27bn
Completion date: Q4 2018
Location: Abu Dhabi, UAE
News
Contractors submit Louvre Abu Dhabi prequalification documents
Project has been tendered twice before, and contractors doubt work will start before the end of 2012
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Contractors invited to prequalify for Louvre Abu Dhabi
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Emaar to build Cultural district in Dubai
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Rights body calls for improved working conditions on Abu Dhabi projects
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Abu Dhabi ends speculation with project approvals
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Abu Dhabi cancels bridge tender
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Value of Abu Dhabi contract awards plunges to 2006 levels
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Abu Dhabi stalls another project as slowdown continues
MEED Projects
