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FINANCIAL NEWS
Abu Dhabi’s Monte Carlo club plans USD14m revenues
20 Oct 2011
(MENAFN) Abu Dhabi’s Monte Carlo Beach Club general manager announced plans to generate more than $14m in membership revenues within the next three years, Arabian Business reported.
The exclusive Saadiyat Island venue expects to attract some 400 members through to 2014, each paying a minimum fee of USD9, 528 a year. The 39,500sqm club is also offering monthly memberships and day passes.
The club is operated by SBM (Societe des Bains de Mer), which has managed the Monte-Carlo Beach club in Monaco for around 90 years.
Saadiyat is the future home of the Guggenheim Abu Dhabi and a USD500 million branch of the Louvre, alongside a Gary Player-designed championship golf course.
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