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UAE Pavilion nears completion ahead of Abu Dhabi Art

United Arab Emirates: Tuesday, October 25 - 2011 @ 10:45

Reconstructed under the instruction of Tourism Development & Investment Company (TDIC), the master developer of major cultural, residential and tourism destinations in Abu Dhabi, and commissioned by the National Media Council, the pavilion will now be a landmark exhibition and events venue, hosting some of the UAE’s most important cultural functions, in its permanent home adjacent to Manarat Al Saadiyat.

The steel structure and waterproofing of the pavilion are now complete, as well as the insulation, sheeting and mesh build up. Cladding panels are also near completion on the large dunes. Mechanical, electrical and plumbing works are underway, and are due to be completed at the beginning of November, when the building will become fully operable. Landscaping and exterior works are underway and will be completed by 1st week of November.

The structure, which was originally designed by the award-winning Foster + Partners, resembles a golden sand dune, and has received praise for its sustainable design, which ensures a large reduction in external heat gain. The structure is the first TDIC project to achieve the 2 Pearl Building Rating under Estidama.

Tourism Development & Investment Company (TDIC) is a master developer of major tourism destinations in Abu Dhabi, the largest of the seven emirates that make up the United Arab Emirates, and a key contributor to its economic and cultural progress.

TDIC is behind some of Abu Dhabi’s most prestigious projects. These include two major destinations: Saadiyat – a natural island off the coast of Abu Dhabi, which will feature five leading cultural institutions designed by five Pritzker Architecture Prize winners, including the Zayed National Museum, Guggenheim Abu Dhabi, and Louvre Abu Dhabi; and Desert Islands – a unique nature-based tourism destination.

By creating investment partnerships and joint ventures, TDIC’s developments are helping to support Abu Dhabi’s evolution as a world-class destination for tourists, businesses and residents, and helping to realise the emirate’s considerable tourism potential and strategic goal of delivering 2.3 million hotel guests by 2012 year end.

TDIC has been awarded high investment grade ratings of A1, AA, and AA by three top credit rating agencies: Moody’s, Standard & Poor’s and Fitch. These ratings reflect TDIC’s strong financial position and support the company’s credit worthiness to investors, lenders and other market participants. In July 2009, TDIC also launched a $1bn bond, which represented the inaugural issuance under the $3bn Global Medium Term Note (GMTN) programme. The same year, TDIC issued its inaugural $1bn five-year sukuk, which was the largest sukuk in the GCC for this year.

Established in April 2006, TDIC has built a strong reputation among international industry players for its compelling value proposition, transparency of business approach and ability to deliver. Locally, TDIC offers significant employment and vocational training opportunities for Emiratis keen to enhance their careers and professional qualifications.

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Tuesday, October 25- 2011 @ 10:45 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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