Abu Dhabi welcomes Emirates Pearl project
Abu Dhabi jumps on the megaproject bandwagon.
Abu Dhabi is building a massive residential and commercial project called the Emirates Pearl. The US$9.5 billion project will be constructed on an island connected to the emirate via a bridge.
The project is being undertaken by Malaysia-based BBM, Al Ain-based Al Rayan Investment and Abu Dhabi-based National Company for Property Investment.
The entire project will be 5 million square metres and will include a luxury hotel, hospitals, university and family entertaining facilities.
Work on the new city will begin early in 2005.