Abu Dhabi National Exhibitions Company (Adnec) has handed over the first plot of Capital Centre land to Sultan Bin Rashed Group.

Opening in early 2010, the development will be a striking tower of serviced hotel apartments with 207 rooms, featuring state-of-the-art facilities, the companies said in a joint statement. 

“Today marks the beginning of an exciting new chapter in the short history of Capital Centre.  When this project was launched just over a year ago, we had a vision of attracting world-class developers who would transform this site into a thriving mixed use development, adjacent to the state-of-the-art exhibition facilities.  We are honoured to handover this site to Sultan Saeed Bin Rashed Al Dhaheri and look forward to watching its magnificent building rise from the ground,” said Adnec Managing Director Ahmad Humaid Al Mazrouie

“Capital Centre is one of the most significant economic development projects in the UAE.  The success of the Abu Dhabi National Exhibition Centre in attracting visitors to Abu Dhabi has created a new and exciting market which we are very excited to be part of. We are delighted to be the first to receive one of the 24 plots of land. I would like to thank the Chairman, the Board and the Management of ADNEC for this visionary project. With the support from the relevant Abu Dhabi authorities, we look forward to delivering an exciting serviced hotel development by early 2010,” said Al Dhaheri.

“Central to the strategy of the development of Capital Centre has been to attract the very best developers who share our vision of creating the world’s first fully networked exhibition lifestyle destination.  From day one, Mr. Saeed Al Dhaheri understood and shared this vision.  We at ADNEC are thrilled that we’ve delivered on schedule and received 100% customer satisfaction in the process,” said Adnec Director for Business Development Sanjay Tanna:

The remaining 23 plots of Capital Centre land are to be handed over within the month of February, to investors, companies said. – TradeArabia News Service