Najibi hires consultant for Australian project

Thinkwell Group has been appointed as lead consultant for Najibi's $297.3m Australian project

NEWS, Business, Australia, Conglomerate, Najibi group, Thinkwell group, United Arab Emirates

Dubai-based business conglomerate Najibi Group has appointed Thinkwell Group as lead consultant for its $297.3m (AUS$400m) Austrailian project.

The Sunshine coast project, which is yet to be named, will comprise the world's first Wave Reservoir, a waterpark and extreme sports facilities, Olmypic standard training centre, a four-star hotel, conference and exhibition centre, restaurants and retail outlets.

Najibi recently opened the doors to its new investment and development company Sanad Capital Pty Ltd in Australia.

As per economic benefits and analysis report produced by Sanad Capital, the new venture will generate 2,000 direct and indirect jobs during its construction phase, and will generate a further $21m annually in salaries and wages post completion.

Thinkwell is an entertainment, experience design and production company, responsible for the creation of some of the world's most renowned destinations including Ferrari World in Abu Dhabi, MGM Studio City in South Korea, Dubai's Expo 2020 winning big and the London 2012 Olympics.

Joe Zenas, CEO, Thinkwell, said: "Having visited the site and after a series of intensive meetings with Sanad Capital's senior management, we are very proud to announce that we are a part of this once in a lifetime project and are very happy to add it to our list of world class destination projects."

Bradley P. Sutherland, CEO, Sanad Capital, added: "We have always said that this development would be special, but now, with Thinkwell as our partner, we cannot wait to show Australia, and indeed the world, what is about to come to the Sunshine State.

"Thinkwell is a global leader, a visionary and a trend setter and that's exactly what this project deserves."

Further details on the development will be released later this year and construction is set to begin in 2017.

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