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AED850 million new tourist and entertainment destination unveiled in Abu Dhabi

posted on 31/03/2016: 2149 views



ABU DHABI, 31st March 2016 (WAM) - Musabbah Al Marar, acting director general of Abu Dhabi Municipality, said the ambitious project named ‘Al Qana' is a practical implementation of the civic body's strategy to provide best in class services, recreational and housing facilities in alignment with the Abu Dhabi Comprehensive Master Development Plan and Abu Dhabi Vision 2030.

The project will come up in an area spanning 150,000 square meters and is scheduled to be completed in the second quarter of 2018. The new Abu Dhabi project will be located on 2.4 kilometres of waterside land in the Maqta area and is expected to be completed in the second quarter of 2018.

The developers said that they leased 2.5 kilometres of land from Abu Dhabi Municipality to construct the project which is being done on a built operate and transfer basis.

The project, which is to be built under a "musathaha" agreement or Build Operate Transfer agreement, will include a 5,000 metre aquarium, a 98 berth marina suitable for mini yachts, cafes and restaurants, and three or four storeys of furnished apartments which will be available for rent.

"The tourist market is expanding in Abu Dhabi with what Etihad Airways is doing. This is one of the main projects that will put Abu Dhabi on the tourism map," said Moataz Mashal, Managing Director of Al Barakah International Investments. ‘'This is one of the main projects which will start putting Abu Dhabi on that map." – Emirates News Agency, WAM - http://www.wam.ae/en/news/emirates/1395293564488.html

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