The National Investment Corporation (NIC) has revealed its plans to invest Dh 5bn in mixed-use development in the breakwater area, adjacent to the Marina Mall in Abu Dhabi, during the next three years.
The Chairman of NIC, Shaikh Sultan Bin Khalifa Al Nahyan, while speaking to the press, said - we are planning Dh.5bn worth of investments on projects that are likely to be completed in three years time. The development of the hospitality sector is an important factor, as the capital’s economy continues its strong growth. We are proud to partner with Rotana, a brand with global vision, to drive this economic development and provide world class facilities for leisure and business tourists, alike.
This was mentioned during a press conference, organized to announce the agreement between NIC and Rotana Hotels, for development of a new luxury property in Abu Dhabi Marina. This is a part of the proposed Dh.5bn development.
The luxury property with 600 rooms, facing the Abu Dhabi Corniche, will be managed by Rotana, and will include a restaurant, café, conference rooms, recreational areas, health and fitness club and a swimming pool.
Besides this luxury property, the other new projects that are proposed to be undertaken includes hotel rooms, office tower, serviced apartments, and Marina Boats Project Complex that include Marina Group of restaurants and a club.
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