THE PORT on Reem Island is going to be rediculous...For the mega SHIPS to pull in and Play..
Addax Port on Reem Island unveiled
Posted Jun 16, 2006 2:27:23 PM By zq [Show Printable Version]
Addax Port on Reem Island unveiled: Abu Dhabi Towers Property Investment Company owned by Saudi firm, Al Qahtani Group of Companies, unveiled on June 14, Addax Port - a mixed-use development worth Dh6.5 billion on Abu Dhabi's Reem Island. This project marks the company's first foray into the UAE property sector. Abu Dhabi Towers Property Investment Company has teamed up with First Gulf Bank (FGB) to market its property in the UAE. FGB is also financing the project.
The company will soon commence work on the Addax Port Project comprising one commercial and four residential towers. "The Dh6.5 billion development is positioned to become the capital's prime business and residential hub," said Saeed Al Qahtani, Chief Executive of Abu Dhabi Towers Property Investment Company. "This is our first real estate venture in the UAE and we chose Abu Dhabi after undertaking a study. We forecast huge demand for commercial and residential property in Abu Dhabi over the next five years. Also, the economy of Abu Dhabi is robust and we are impressed by the vision of the rulers," he stated.
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