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CITYSCAPE EXCLUSIVE: Baniyas launches new projects

by Conrad Egbert on Oct 5, 2009

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The Bawabat Al Sharq masterplan

Abu Dhabi-based Baniyas Investment and Development Company (BID) plans to launch a series of projects, including apartment buildings and a residential tower before the end of 2009.

The developer, which is currently exhibiting its US $816 million (AED3 billion) mixed-use Bawabat Al Sharq project at Cityscape Dubai 2009 at the Dubai International Convention and Exhibition Centre, plans to launch new residential buildings within Phase II of the development currently under construction in Abu Dhabi’s Bani Yas City.

The company also plans to launch a 22-storey residential tower at Mohammed Bin Zayed City, some 24km from downtown Abu Dhabi.

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BID will also be promoting Souk Al Megnas, a traditional souk within the destination mall of Bawabat Al Sharq. The distinctive souk will be spread across 4500m², nearly 8% of the mall’s gross leasable area. Scheduled for inauguration in December 2010, the Souk will add to the varied retail experience on offer at the shopping centre.

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