wall street journal tips abu dhabi’s saadiyat island as a top 10 emerging trendy destination

Published September 9th, 2007 - 10:36 GMT
Al Bawaba
Al Bawaba

The international travel industry has tipped Saadiyat Island – the natural island lying offshore Abu Dhabi city, the capital of the United Arab Emirates – from the top 10 contenders to become one of the tourism industry’s most trendy destinations.
 
Following research carried out by The Wall Street Journal, one of the world’s leading daily business publications, Saadiyat Island, was ranked by international travel scouts as a destination it expects “will become a hit in the coming years.”
 
The travel scouts said Saadiyat Island’s main attractions would be the luxury hotels planned for its upmarket Saadiyat Beach district and its world-class museums, including the Guggenheim Abu Dhabi and the Louvre Abu Dhabi, which will be housed in the island’s Cultural District.
 
Saadiyat Island – which is just 500 metres offshore the UAE capital – is being transformed into a signature leisure, residential and cultural hub and is the flagship project of Tourism Development & Investment Company (TDIC), the asset development and management arm of the Abu Dhabi Tourism Authority.
 
Other destinations tipped by the international travel scouts as the ‘hit’ destinations of the future include Honduras, Providence Rhode Island, Newfoundland in Canada, Montenegro, Rwanda, the Seychelles, Almaty in Kazakhstan, China’s Hainan Island and Boracay in The Philippines.
 


About Saadiyat Island:

Saadiyat Island - which translates from Arabic as Island of Happiness - is the largest single mixed-use development in the Arabian Gulf. The 27 square kilometre natural island - half the size of Bermuda - lies only 500 metres offshore Abu Dhabi island - the capital city of the United Arab Emirates. Saadiyat Island is being developed into a complete visitor, residential and cultural destination.

Saadiyat Island represents one of the most important development opportunities in Abu Dhabi's history. The island, which has 30kms of water frontage and boasts many natural eco-features including mangrove forests, is being developed as a world class residential, tourism and cultural destination and marks a new era in the rapid evolution of Abu Dhabi, the largest of the seven emirates which form the UAE Federation.

Saadiyat Island, which, in Wall Street Journal research, has been named by international tourism scouts as one of the world’s top 10 emerging ‘trendy’ destinations will be developed in three phases with total completion scheduled for 2018. The masterplan envisages seven highly individual districts and includes hotels, marinas with combined berths for around 1,000 boats, two golf courses - one the UAE's first Gary Player Signature course and the first in the Arabian Gulf with beach-front holes - civic and leisure facilities, sea-view apartments and elite villas. The island will also be home to the world’s largest single cluster of world-class cultural assets including the Guggenheim Abu Dhabi designed by Frank Gehry, the Louvre Abu Dhabi, designed by Jean Nouvel and the Sheikh Zayed National Museum, which is currently subject to an international design competition.

Saadiyat Island is expected to be home to a community of more than 150,000 people - the same population size as Chang Mai in Thailand, Oxford in the UK or Hollywood in the USA.

Saadiyat Island will be linked to the main Abu Dhabi island and the Abu Dhabi mainland via two, 10-lane freeways making the destination easily accessible to Abu Dhabi International Airport, which will be just a 25 kilometre drive away.

Saadiyat Island is being developed by the Tourism Development & Investment Company (TDIC), an independent public joint stock company of which Abu Dhabi Tourism Authority is the sole shareholder. TDIC's strategy is to dispose of development land on the island to private investors who will each develop their sites in accordance with the masterplan and supporting planning regulations and design guidelines.
 
About Tourism Development & Investment Company:

Tourism Development & Investment Company (TDIC) is a public joint stock company established under Law No: 12 of 2005 as decreed by the Abu Dhabi Ruler and UAE President, His Highness Sheikh Khalifa Bin Zayed Al Nahyan. TDIC is an independent organisation empowered to manage the tourism investment zones of the Abu Dhabi Tourism Authority (ADTA), which directs and implements strategy for the expansion of the emirate's tourism sector. TDIC will develop the real estate assets that support ADTA's mission of assisting UAE economic diversification through tourism development.

TDIC, launched with an initial paid-up capital of AED100 million (US $27.5 million) with its shareholding fully owned by ADTA, operates along strictly commercial lines with its projects being self-sustaining and economically feasible. Its activities include creating development and tourism related concepts for specific sites and locations, disposing of, or repositioning, government-owned tourism related assets, entering into joint ventures with investment partners for assets such as hotels or residential products, as well as serving as the master developer for large scale projects.