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Construction in Abu Dhabi is forging ahead despite the global economic slowdown, according to the organisers of Cityscape Abu Dhabi. The emirate’s top ten construction projects, listed below, are worth a whopping US $208 billion (AED764 billion).
1. The biggest single project is Khalifa City. It has a masterplan budget of $40 billion and will comprise all federal ministries, local government offices and embassies. The city is expected to be completed by 2030.
2. Work has started on the Yas Island development – a massive $39 billion tourist development including residential accommodation, hotels, beaches, marinas, retail space, golf and equestrian facilities.
3. Burooj Properties is behind a $24 billion real estate community project in Abu Dhabi, which includes 11 residential towers, offices, four hotels and a shopping mall.
4. Saadiyat Island is another massive offshore development underway with a budget of more than $28 billion. It includes 29 hotels, three marinas, 8,000 residential villas and more than 38,000 apartments. The project also includes museums, concert halls, maritime history centre, three harbours, a park, golf course and sailing club.
5. A $22 billion budget has been allocated for the ambitious Masdar City project – the first zero-carbon, zero-waste city that depends on solar energy. Masdar City will also be car-free.
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6. Underway is the $18.5 billion Al Raha Beach Complex, another mixed-use hospitality development involving reclaimed land. Once finished it will have 50 high-rise and a number of low-rise buildings for about 120,000 people.
7. Abu Dhabi's International Capital Trading is planning a $10 billion city, tentatively called Ghantoot Green City. The project will comprise commercial centres, hotels, offices, residential areas, warehousing and light industrial areas.
8. Al Reem Island development is a $7.8 billion mixed-use community next to the bridge connecting Al Reem Island to Abu Dhabi city. Several 40 and 50 storey towers will form the central business district. The development will include two 80-storey buildings and house approximately 80,000 people.
9. With a masterplan budget of $6.5 billion, Sheikh Mohammed Bin Zayed City will have 374 residential and commercial buildings as well as the associated infrastructure and entertainment facilities.
10. In joint place at number 10 each with masterplan budgets of $3 billion are the Abu Dhabi Light Rail project and the MGM Grand Hotel. The rail project will involve some 350km of track. The MGM Grand project will have two further branded luxury hotels and more than 1,200 rooms. It will also feature a 12,000 seat arena, retail, restaurants, waterfront residences and private yacht berths.
This list has been compiled by the research company Proleads.
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