ADNEC Reveals Proposed US$1bil Convention Centre
MAY 16, 2008. Abu Dhabi's position as the cultural hub of the Middle East is to take a step forward with the announcement of a proposed new AED 3.5 billion (US$1 bn) business and residential micro-city to be built around a state-of-the art convention centre, hotel and cultural centre in Al Ain.
Simon Horgan, ADNEC CEO, said: "This development has been designed for the community and features significant open spaces which are all connected by walkways and usable areas that are free of cars. Considerable thought has been given to creating a natural and sustainable environment that people will enjoy using."
At the heart of the project will be a AED 387 million (US$ 105 million) state-of-the-art conference centre & hotel that will be owned by ADNEC. The conference centre & hotel will act as the anchor for rest of the development - attracting businesses, event organisers, delegates and tourists from all over the region, thus driving the Al Ain Convention Centre's tremendous investment potential.
The development of Al Ain is a key objective for the Abu Dhabi Government who wish to see it become a leading cultural and commercial destination in the UAE. It is believed that this exciting development will serve to stimulate economic growth as well as business and cultural tourism.
Work is scheduled to begin on the Al Ain Convention Centre later this year.
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