Get ready for spectacular Las Vegas style entertainment in Abu Dhabi! MGM Mirage, one of the biggest casino companies in the world, and Mubadala Development Company of Abu Dhabi, have teamed up to create the Mega Entertainment Project: MGM Grand Abu Dhabi. The project will be located on the Abu Dhabi waterfront and take up 50 acres of land. It is expected to cost $3Billion and is projected to be completed by 2012.
From the Managing Director of Mubadala, Khaldoon Khalifa Al Mubarak:
"This agreement is another exciting project in Mubadala's property development portfolio of innovative and commercially viable projects that contribute to the steady growth of Abu Dhabi's society. MGM Mirage's experience and luxury brands compliment Abu Dhabi's offering of the finest hospitality and entertainment experiences for both residents and tourists."
MGM Grand Abu Dhabi will consist of 3 separate hotels, an MGM Grand hotel and two other MGM themed hotels. Although there will be no gambling at any of these hotels there will be world class entertainment and numerous leisure offerings. One major entertainment feature will be a 12,000 seat arena that will be host to A-List Las Vegas shows that appear at MGM's Las Vegas properties, as well as acts from the Middle East. The world famous Cirque du Soleil is expected to appear at MGM Grand Abu Dhabi as well as a great number of pop stars like Justin Timberlake who has already appeared in Abu Dhabi to standing room only crowds.
"This development will leverage the capital resources and asset management proficiency of Mubadala with the world-renowned expertise of MGM Mirage in design, development and operation of exciting destination resorts. We are thrilled that our first project with Mubadala will create a destination and icon for Abu Dhabi. We see tremendous potential for this development and we are confident that this will be the first of many successful ventures with our Mubadala partners," said Terry Lanni, Chairman and CEO of MGM Mirage.
MGM Mirage will develop and manage the project for a fee. Mubadala Development, however, will actually own MGM Grand Abu Dhabi. The property, aimed at the high-end market, will have "unparalleled views of the city skyline" and "stunning panoramic views of the waterfront," the companies said in a press release. This project will also offer elite waterfront residences, spas, high end shops, fine dining, etc. In short, everything you would expect to get in Las Vegas.
As good as all this sounds it is only the beginning. You see, this is just phase one of a three phase plan for MGM Grand Abu Dhabi. The next two phases will offer more residential choices including luxury apartments, villas, condos and estates. There will be even more entertainment offerings and many other fabulous options that will be revealed as the project develops.
I think MGM Grand Abu Dhabi will be fantastic for Abu Dhabi and all of the UAE. It will help to make the UAE a world class entertainment and tourist destination. It will add glamour, exciting entertainment and an electrifying nightlife to Abu Dhabi. And mark my words, the world will come!
Here is the link to the Mubadala website:
http://www.mubadala.com/
This link takes you to the MGM Mirage website:
http://mgmmirage.com/
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