Capital Centre ... new micro-city.
Adnec offers Capital Centre plots
01 November 2006
Abu Dhabi National Exhibitions Company (Adnec) has started selling plots on 147,582 sq m of prime land, collectively valued at more than $571 million, at the Capital Centre which will take shape next year.
The Capital Centre, the new name and brand for the Dh8 billion ($2.17 billion) business and residential micro-city, is being built around the iconic Abu Dhabi National Exhibition Centre in Abu Dhabi.
The Centre is being designed by an international team of master-planners, architects and engineers to create a thriving destination.
The strategically-located plots are earmarked for the mixed-use development of hotels, residential and commercial towers, a retail zone and a stunning marina that will enhance the local landscape.
Ideally located near the diplomatic area, the UAE capital’s first development of this kind focusing on economic and exhibition development will create a vibrant business and lifestyle destination for residents and visitors alike, said a spokesman for Adnec.
At the heart of this centre will be best-of-breed exhibition multiplex, which is already under construction. This will act as Capital Centre's economic driver – attracting businesses, international event organisers, exhibitors and visitors from all over the world, thus driving Capital Center’s tremendous investment potential.
Some of the highlights of Capital Center will be: The Grandstand – a tribute to the past, the historic Grandstand that, for many years, was used by Sheikh Zayed bin Sultan Al Nahyan, the late President of the UAE, to view parades and other key celebrations; 30 Towers that will house a mix of hotel and residential accommodation as well as office and retail opportunities; The Galleria – an enclosed multi-storey air conditioned retail space; The Marina – the future home of super-yachts, marine exhibitions and floating hotels. The Feature Tower – the futuristic tower will be one of the key visual icons of Capital Centre.
Sheikh Sultan bin Tahnoon Al Nahyan, member of the Abu Dhabi Executive Council and chairman, Adnec, said: “Capital Centre is one of the cornerstones of our strategy to strengthen Abu Dhabi’s profile as a major destination in the Middle East for the MICE industry.
“It will serve as a foundation on which new investments, industrial growth and business tourism will be built.”
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