ALDAR Reports Milestone Progress on Yas Island Infrastructure.Summary: ALDAR Properties Aldar Properties PJSC is a real estate company in Abu Dhabi, United Arab Emirates. It releases and builds projects such as Al Raha Gardens, Yas Island, Al Gurm Resort and the Abu Dhabi Central Market (Souq). , the leading integrated property development company said today it was on schedule for completion of phase 1 infrastructure work on its multi-faceted entertainment destination, Yas Island Yas Island (Arabic: جزيرة ياس) is one of the largest natural islands in Abu Dhabi. The island is the site of a $40 billion development project by Aldar Properties. .
Key milestones have been achieved on the multi-billion dollar project, with over 30% of the infrastructure of phase 1 complete, with the remaining scheduled for completion well before the 2009 Formula One Etihad Airways Etihad Airways (Arabic: الإتحاد, ʼal-ʻitiħād) is the flag carrier of the United Arab Emirates. Etihad is based in Abu Dhabi, the capital of the UAE. Abu Dhabi Grand Prix This article or section contains information about a sporting event or team. .
ALDAR Reports Milestone Progress on Yas Island Infrastructure Phase 1 Infrastructure on Schedule for Inaugural Grand Prix Grand Prix
n. pl. Grand Prix
Any of several competitive international road races for sports cars of specific engine size over an exacting, usually risky course.
ALDAR Properties, the leading integrated property development company said today it was on schedule for completion of phase 1 infrastructure work on its multi-faceted entertainment destination, Yas Island.
Key milestones have been achieved on the multi-billion dollar project, with over 30% of the infrastructure of phase 1 complete, with the remaining scheduled for completion well before the 2009 Formula One Etihad Airways Abu Dhabi Grand Prix. Commenting on the progress of ALDARCOs Yas Island, Ronald Stephen Barrott, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ALDAR Properties stated, C[pounds sterling]This exceptional performance and the ongoing achievements by the Yas Island development team highlight the dedication and commitment that ALDAR puts into its projects. Yas Island is set to become a world famous tourist attraction Noun 1. tourist attraction - a characteristic that attracts tourists
attractive feature, magnet, attractor, attracter, attraction - a characteristic that provides pleasure and attracts; "flowers are an attractor for bees" for Abu Dhabi Abu Dhabi (ä`b thä`bē, zä–, dä–), Arab. Abu Zabi, sheikhdom (1995 pop. 928,360), c. , and it will contribute to the tourism industry of the United Arab Emirates United Arab Emirates, federation of sheikhdoms (2005 est. pop. 2,563,000), c.30,000 sq mi (77,700 sq km), SE Arabia, on the Persian Gulf and the Gulf of Oman. .C[yen]
ALDAR is currently in the process of deepening the canal leading to Yas Island to allow super yachts to anchor in the Royal Yas Marina, providing excellent views for the audience to the Yas Marina Circuit. The Royal Yas Marina wall and excavation is currently 90% complete. The marina is dammed to complete the remaining construction in the dry and is scheduled for flooding in the 2nd quarter of 2009. .
The Yas Marina Circuit is progressing very well. The pit building and the four grandstands for the Abu Dhabi Grand PrixCOs spectators will be completed by mid-2009, with concrete works for the top floor levels nearing completion and installation of mechanical, electrical and plumbing infrastructure now underway. Grading and shaping works in preparation for construction of the pavement for the race track itself are well progressed..
Yas Mall and parking structure piling works are also progressing on schedule. The highways and bridges are well advanced and will be complete for race day.
C[pounds sterling]Yas Island infrastructure will be ready for the expected visitors for this inaugural event. The development team and workforce have worked with exceptional efficiency, and we are very pleased with their efforts,C[yen] commented Steve Worrell, Project Director, Yas Island. C[pounds sterling]With three vehicle entrances to Yas Island for the race day, race goers will experience easy traffic flow through these access points. C[pounds sterling] The Yas Island project covers an area of 25km2 and is set to become a cornerstone of Abu DhabiCOs fast growing tourism industry. In addition to racing circuit, the development will include Ferrari World Abu Dhabi, a Warner Bros BROS Brothers
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BROS Barnes and Richmond Operatic Society (London, UK) . Theme Park, five-star and boutique hotels, a water park, 356000 square meters of retail space, a links golf course, 3 marinas, restaurants, various entertainment facilities and luxurious residential property.
Ronald Stephen Barrott, CEO, ALDAR Properties, concluded: C[pounds sterling]Yas Island is just one component of ALDARCOs diverse development portfolio, which is attracting considerable worldwide interest and inward investment. The unique tourist destination will complement scores of residential, business, retail, and other community-oriented projects that set ALDAR apart as a leading integrated developer.C[yen] A[umlaut umlaut (m`lout) [Ger.,=transformed sound], in inflection, variation of vowels of the type of English man to men. ] 2008 Al Bawaba (www.albawaba.com)
A[umlaut] 2008 Al Bawaba (Albawaba.com)
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