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FINANCIAL NEWS
Abu Dhabi to invest $735m in hotel development
07 Apr 2010
(MENAFN) The Chief Executive Officer at Abu Dhabi National Hotels (ADNH) said that the state-owned entity will invest $735 million in developing hotels in Abu Dhabi, Gulf News reported.
The CEO affirmed that work is progressing satisfactorily in order to complete ADNH’s first water resort, the Grand Canal, before the end of the year, overlooking the sea coast near the Shaikh Zayed Bin Sultan Al Nahyan mosque.
This project includes a large hotel with 595 rooms and suites, including one hundred villas, surrounded by water channels. The resort includes 29 suites, each includes a health spa in order to preserve the privacy and comfort of our guests.
The Grand Canal is the first project of its kind spread across the Abu Dhabi beach. It has been designed on the theme of the Italian city of Venice to make it more attractive.
The resort includes 17 restaurants and 20 shops and at the same time The Grand Canal offers visitors a romantic experience as in Venice, which will attract millions of tourists annually, the CEO said.
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