|Al Ahbabi Outlines 'Plan Abu Dhabi 2030' at Cityscape |
May 9, 2007
Outlining the process of Plan Abu Dhabi 2030, Al Ahbabi cited four of the
over-arching principles that would guide the government's initiatives.
Commenting on the potential environmental impacts of development, Al Ahbabi
said, 'Abu Dhabi will respect, be scaled to and shaped by the natural
environment of sensitive coastal and desert ecologies.'
He further added that Abu Dhabi would reflect the contemporary expression of an
Arab city, where residents would live, work and thrive in healthy and supportive
proximity of each other. Al Ahbabi was also eager to highlight that measured
growth reflecting the sustainable economy would be key to their strategy, rather
than the cataclysmic growth of other emerging economies.
'Abu Dhabi needs to grow and it will grow, but our future will not be held
hostage to uncontrolled expansion,' he stressed.
He also pointed out that Foreign Direct Investment (FDI) would be essential to
the capital's urban development plans over the next 20 years.
Al Ahbabi concluded his presentation with a firm commitment, 'We must plan for
Abu Dhabi to evolve into a benchmark for 21st century capital cities. Abu Dhabi
was built on the ambitions of the late Sheikh Zayed, this must be recognised and
A team of local and international planners and community development experts are
currently formulating the comprehensive plan. They have been tasked with
creating recommendations for the most effective regulatory and institutional
framework to manage urban development in the future. Full details of strategy
will be unveiled within the coming months.
Mark Goodchild, Project Manager, Cityscape, commented,
'Abu Dhabi not only has the long term financial stability to attract
conventional and Shari'a compliant private and institutional investors, it
also has immense potential for highly profitable and much sought after
waterfront development. To date Abu Dhabi's planning agencies have only
approved projects that provide synergy with their own enviable environmental
standards and this was further emphasised by Al Ahbabi today.'
Under the patronage of His Highness General Sheikh Mohamed Bin Zayed Al Nahyan,
Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces,
Cityscape Abu Dhabi is making its debut in the UAE capital at the Abu Dhabi
National Exhibition Centre (ADNEC) until Thursday 10 May 2007.
Over 12,000 participants are expected to attend the three-day event that is
showcasing over US$ 400 billion worth of projects, through 200 exhibitors from
50 different countries.
In terms of 'home-grown' projects the Abu Dhabi government and locally-based
real estate heavyweights have shown full support for the debutant. Major
developers such as Tourism Development & Investment Company (TDIC), Sorouh Real
Estate, ALDAR Properties, Al Qudra Real Estate, Reem Investments and Tamouh
Investments are prominent at the industry showcase, as development projects in
the UAE capital alone top US$ 270 billion. Running alongside the exhibition are
two parallel conferences, one focusing on 'Waterfront Developments' and the
other on 'Real Estate Finance and Investment'.