Mandarin Oriental hotel in Abu Dhabi is delayed.
operational by 2013, but with construction yet to start this milestone has been postponed.
The Mandarin Oriental is being developed by 100 per cent Abu Dhabi government owned, Tourism Development & Investment Company (TDIC), in the United Arab Emirates
(UAE), the firm has given no timeline as to when work on the Arabian Gulf based hotel will actually begin.
Quotes released by executives at the hotel chain, circulating among hospitality industry analysts, would indicate that the most imminent Mandarin Oriental is likely to
materialise in the Qatari capital, Doha and likely to open in either fourth-quarter 2014 or early in the first quarter of 2015. Mandarin have said that infrastructural progress against
the Saadiyat Island master plan has been slower than expected, and report that a firm date for the start of construction is still awaited from TDIC.
TDIC reassessed a number of their Saadiyat Island projects in the latter part of 2011, for example tenders were withdrawn at the Guggenheim Museum located in the Cultural
District, on the grounds that a reassessment of procurement policy was underway. However regular due diligence is perhaps not unreasonable, when the budgeted cost to
create and complete the overall island including structures is US$ 27 billion.
However, Mandarin Oriental point out that they are neither the developers of nor the investors in the hotel, and while their function is to act as managers and partners in the
venture, they have no influence over the construction schedule. They are of course providing both their expertise and expectation in terms of design and interior architecture. With
most of their preparatory planning and architectural design requirement activity already done, the hotelier estimates that once building work gets underway, they would anticipate
opening for business in slightly over two years time from start-up.
Copyright Andy McTiernan. All rights reserved.
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|Publication:||Andy McTiernan Property & Economy Bulletin|
|Date:||May 18, 2012|
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