"BRETT SIEGEL IS ONE OF THE MOST KNOWLEDGEABLE PEOPLE IN MIDDLE EAST REAL ESTATE. I HIGHLY RECOMMEND READING UAE MEGA PROJECTS." Khizer Schon Husain, VP, Schon Properties, Dubai

Sunday, April 4, 2010

Ten Top Abu Dhabi Mega Projects

Abu Dhabi continues to rapidly expand despite the global slowdown. The Emirate is developing a great number of Mega Projects. Many of these, such as Reem Island and YAS Island, I have already covered. Here are 10 top Abu Dhabi Mega Projects you may not have heard of yet!

1. Ghantoot Green City. This $10 Billion Mega Project is a mixed use development that includes the creation of an entire city with residential developments, hotels, office buildings and light industrial areas.

2. Taweelah Aluminum Smelter. This is a gigantic industrial complex with a construction cost of $10 Billion that will be built in two phases. Phase 1 will be completed this year followed by phase 2 sometime in 2011 or 2012. Once completed the project will produce 1.4 million tons of aluminum each year.

3. Khalifa Port and Industrial Zone. The port will be a multi purpose facility that will contain a global scale container and industrial port in addition to logistics, commercial, residential, educational and industrial free zones. Phase 1 of the project should be finished this year and the total cost of this project is estimated at $5 Billion.

4. Alghadeer. A $4 Billion mega residential project that is located right on the Abu Dhabi / Dubai border. Alghadeer is being developed by Sorouh and will contain over 6,000 homes in 6 different villages. This project has one of the best overall locations I have seen giving residents easy access to both Abu Dhabi and Dubai. Alghadeer will also contain schools, retail shops, parks, movie theaters, recreational facilities, etc.

5. Mafraq / Ghweifat International Highway. This highway will be 327km long and will link Mafraq to the border post with Saudi Arabia, at Ghweifat, in the western part of Abu Dhabi. The highway will be expanded to 8 lanes up to the Al Ruwais junction, and 6 lanes to the Saudi border. Estimated cost is $2.7 Billion.

6. Al Gharbia Housing Renovation. This project consists of the renovation of approximately 3,320 traditional homes located in Al Gharbia Municipality. The renovation is designed to improve the quality of life of the residents in this area and will cost $1.1 Billion.

7. Qasr Al Sarab Desert Resort & Spa. A 5-Star luxury development being built in the Liwa Desert. The project is huge with a total built up area of 53,000m2. Qasr Al Sarab will contain a five star hotel, a luxury health spa and a conference center at a total cost of $370 Million. As Abu Dhabi continues to attract more tourists you will see more and more of these kinds of projects going up.

8. Al Ain Oasis. A mixed use project being developed in the Al Ain area of Abu Dhabi. The project will feature both residential and office units. It will also contain plazas and streets lined with retail shops and art galleries as well as cafes and a wide variety of restaurants. A hotel is also planned to attract more tourists. Total cost of the project is $136 Million.

9. Mirfa Air Separation Unit. Two new air separation plants that will supply nitrogen for injection into the onshore condensate field in Habshan. The two plants will have a total nitrogen capacity of 670,000 standard cubic meters per hour and cost $100 Million to build.

10. Al Gharbia Parks. This $78 Million Mega Project will create over one million square meters of parklands across the region in several different cities including Baioona, Madinat Zayed, Al Marfa, Al Silaa, Ghayathi and Mizeriaa.

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