Abu Dhabi: New firm to supervise Saadiyat Island project
Abu Dhabi Tourism Authority (ADTA) has unveiled a new public joint stock company charged with developing the emirate’s real estate assets and its flagship Saadiyat Island project. This will transform the 27 square km natural island, just 500 metres offshore the UAE’s capital city, into a strategic international tourism destination.
The Tourism Development and Investment Company (TDIC), which will oversee Saadiyat’s mixed-use development, will operate along strictly commercial lines, it was reported.
After works are completed in 2020, the island will have 19 km of beaches, two golf courses, 29 hotels with 7,000 rooms, marinas for 1,000 boats, more than 8,000 private villas and 38,000 apartments as well as museums and cultural centres, Reuters reported.
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