WELCOME LETTER
focus on the UAE’s capital city and the forthcoming sixth edition of Cityscape Abu Dhabi taking place from 22nd -25th April, which will once again showcase the major projects and developments from across the Emirate. Te event will bring together real estate investors, developers,
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consultants, architects and other senior-level real estate professionals from across the region and indeed, around the world. Participants can look forward to hearing about investment opportunities and networking with some significant international real estate investors and developers at what is the capital’s only international real estate event. Previewing the upcoming exhibition, this issue of the Cityscape
magazine takes a look at some of the major infrastructure developments taking place in the Emirates, including the creation of the UAE’s first cargo railway line, with the first trains slated to start running in 2013. We also review some of the large scale industrial projects such as Kizad, a port and trade zone two-thirds the size of Singapore, set to comprise around 15 percent of Abu Dhabi’s non-oil GDP by 2030. A brief glimpse into the projects coming on line in 2012 is
impressive. January saw a government announcement that work is set to
resume on the Abu Dhabi branches of the Louvre and Guggenheim museums after a “review of their viability.” Notable developments that are expected to complete in 2012 include Nation Towers, on the Abu Dhabi cornice; the Central Market, Aldar’s flagship downtown three-tower development and the continued phased opening of Etihad Towers. Tourism focused development in Abu Dhabi is also progressing at pace. While Dubai has been heavily promoting tourism for the last decade, in the capital, Abu Dhabi, it is a newer, but growing, phenomenon. ‘Brand Abu Dhabi’ is now taking off, after studious behind the scenes tourism development work. Abu Dhabi recorded its most successful year ever in 2011 in terms of hotel guest arrivals, with some 2,111,611 people staying
Rohan Marwaha Managing Director, Cityscape
ith Cityscape Abu Dhabi just around the corner, we welcome you to the latest edition of the Cityscape magazine. In this issue, we
in the Emirate’s hotels and hotel apartments. Last year also saw substantial additions to Abu Dhabi’s hotel and resort inventory – some additional 2,000 rooms in the last quarter alone – including several five-star beach properties opening up Saadiyat Island. Investment and development in this key industry sector is sure to be high on the agenda at Cityscape once again. Tis year, Cityscape Abu Dhabi will also play host to the Middle
East Real Estate Summit, the only business platform serving institutional investors, dedicated to regional real estate investment. Bringing together leading regional private equity houses, investment banks, sovereign wealth funds, family offices, private banks, asset managers, real estate developers and Government officials, the Summit will discuss new deal structures and portfolio strategies for maximising profits in the region, as well as debate the roles of both the public and private sectors in increasing vital regulation, security and overall market activity.
We look forward to welcoming you to Cityscape Abu Dhabi 2012l
Project Director Simon Cole Designer Davis Mathai Advertising Sales Adam Fox Editorial Claire Malcolm, Will Rankin, Simon Cole, Rohan Marwaha and NGI Context
Although every effort is made to ensure the accuracy of information contained in this magazine is correct, Cityscape cannot be held responsible for any errors or inaccuracies contained within the publication.
All information contained in the magazine is under copyright to Cityscape and cannot be reproduced or transmitted in any form, without first obtaining written permission from the publisher.
For advertising sales or editorial enquiries please contact Simon Cole Tel: +971 4 408 2836, Email:
simon.cole@
informa.com Zabeel Printing Press, P.O. Box 5143, Dubai, UAE, Tel: +971 4 2626171, Fax: +971 4 2696067
COVER: © Emirates Palace Abu Dhabi
APRIL 2012 I CITYSCAPE I 1
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