F&B and retail complex planned for Saadiyat Island
TDIC and L Real Estate to develop 'The District' in Abu Dhabi by 2017
Abu Dhabi’s Tourism Development and Investment Company (TDIC) has signed a joint venture partnership with L Real Estate (LRE) to develop ‘The District’ retail and F&B destination in Saadiyat Island’s Cultural District by 2017.
The development, with indoor-outdoor shopping and dining venues, will feature more than 550 units featuring retail plus multiple food and beverage outlets offering a wide range of cuisines and delicacies through fine-dining restaurants, casual eateries, confectionary shops, spacious food court and a lively outdoor cafe culture.
“This new retail destination – ideally sitting among Saadiyat’s inspiring museums, beautiful landscape and coastal environment – will be a regional attraction and a highly prized sought-after location for Abu Dhabi’s communities and visitors when it opens by 2017,” said chairman of TDIC His Excellency Sheikh Sultan bin Tahnoon Al Nahyan.
Detailed design of The District – incorporating a gross floor area of 258,000 square metres and a total built-up area of 370,000 square metres – will start in 2013, while construction is expected to commence in 2014 and be completed in 2017.