The Mubadala Development Company and Majid al Futtaim (MAF) have signed a joint venture to invest in a large mixed-use project in Abu Dhabi's new Arzanah area.
The project will be a part of the residential development that is already underway, but the new portion will include hotels, retail outlets, offices and recreation areas. It is scheduled for completion by 2012, a Mubadala spokesman said.
Arzanah is a residential complex within the Grand Mosque District, a few minutes by car from Abu Dhabi's city centre. The area has been earmarked as one of the main stops along the planned high-speed rail system.
Arzanah was first launched in May by Capitala, the Abu Dhabi property developer and master planner that was created in a joint venture between Mubadala and CapitaLand, which is based in Singapore.
The 1.4 million square metre development will include beaches, a canal that will run through an area of high-rise apartment towers and villas, communal gardens, and walking and cycling paths. The project includes 9,000 residential units.
The first phase of construction in Arzanah - the high-rise towers and 14 townhouses - are due to be completed within a few months.
The newly announced portion of the project will include a shopping mall and retail outlets such as Carrefour, for which MAF holds the franchise licence in the Middle East.
Mubadala would not specify the area of land that the new project will occupy.
In addition to the Zayed Stadium, sporting facilities for residents include the Abu Dhabi International Tennis complex, the 40-lane Khalifa International Bowling Centre, an ice rink and an aquatic centre.
Arzanah will also be home to the Mubadala-owned Abu Dhabi Knee & Sports Medicine Centre, a health care facility specialising in the diagnosis and treatment of sports-related injuries.
One of MAF's well known subsidiaries is Majid al Futtaim Shopping Malls, which developed the Mall of the Emirates in Dubai. In total, it operates seven malls in the region including four in the UAE, two in Egypt and one in Oman. The company has plans for new developments in Bahrain, Lebanon, Egypt, Syria, Oman and Saudi Arabia.
Although the announcement of the new project gave scant detail about the hotel element in the Arzanah project - including which management company would look after the new hotels - MAF's hospitality business so far has developed the Kempinski, which is attached to the Mall of the Emirates. It also developed the budget Accor Hotels in Dubai.
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Landfill in numbers
• Landfill gas is composed of 50 per cent methane
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hall of shame
SUNDERLAND 2002-03
No one has ended a Premier League season quite like Sunderland. They lost each of their final 15 games, taking no points after January. They ended up with 19 in total, sacking managers Peter Reid and Howard Wilkinson and losing 3-1 to Charlton when they scored three own goals in eight minutes.
SUNDERLAND 2005-06
Until Derby came along, Sunderland’s total of 15 points was the Premier League’s record low. They made it until May and their final home game before winning at the Stadium of Light while they lost a joint record 29 of their 38 league games.
HUDDERSFIELD 2018-19
Joined Derby as the only team to be relegated in March. No striker scored until January, while only two players got more assists than goalkeeper Jonas Lossl. The mid-season appointment Jan Siewert was to end his time as Huddersfield manager with a 5.3 per cent win rate.
ASTON VILLA 2015-16
Perhaps the most inexplicably bad season, considering they signed Idrissa Gueye and Adama Traore and still only got 17 points. Villa won their first league game, but none of the next 19. They ended an abominable campaign by taking one point from the last 39 available.
FULHAM 2018-19
Terrible in different ways. Fulham’s total of 26 points is not among the lowest ever but they contrived to get relegated after spending over £100 million (Dh457m) in the transfer market. Much of it went on defenders but they only kept two clean sheets in their first 33 games.
LA LIGA: Sporting Gijon, 13 points in 1997-98.
BUNDESLIGA: Tasmania Berlin, 10 points in 1965-66
