Sheikh Nahyan noted that the Saadiyat Cultural District is a source of pride for the UAE and the world
Abu Dhabi, September 25, 2014 - Tourism Development & Investment Company (TDIC), master developer of major tourism, cultural and residential destinations in Abu Dhabi, hosted Sheikh Nahyan bin Mubarak Al Nahyan, the UAE Minister of Culture, Youth and Community Development on a tour of the Louvre Abu Dhabi’s construction site. Sheikh Nahyan was greeted by Jassim Al Darmaki, Acting Director General of TCA Abu Dhabi, and Ali Al Hammadi, CEO of TDIC, along with senior representatives of both the museum’s development team and contractors.
As part of his visit, Sheikh Nahyan was provided with a detailed update on all of the museum’s construction milestones achieved to date as well as how some of the challenges faced, such as installing the Louvre Abu Dhabi’s iconic dome, were resolved. Sheikh Nahyan expressed his pleasure at witnessing the advanced level of construction achieved on the world-class museum, and noted that the Saadiyat Cultural District is a source of pride for the UAE, and once it has been fully developed, it would further enhance the country’s reputation as a global destination of arts and culture.
The Louvre Abu Dhabi, which is the result of an agreement between the governments of the UAE and France, will be the first global museum in the Arab world that embodies the spirit of openness and dialogue between cultures once it is completed in 2015. The museum will display works of historical, cultural and sociological significance, from the most ancient to the most contemporary, with pieces representing different cultures from around the world. The Saadiyat Cultural District will also be the home of Zayed National Museum and Guggenheim Abu Dhabi.
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About Tourism Development & Investment Company (TDIC)
Tourism Development & Investment Company (TDIC), established in 2006 and fully owned by Abu Dhabi Tourism & Culture Authority, is a master developer of major tourism, cultural and residential destinations in Abu Dhabi.
These include Saadiyat, a natural island ten-minute drive from downtown Abu Dhabi featuring luxury resorts, championship beachfront golf courses, sophisticated residential communities, retail destinations and cultural institutions - designed by world-renowned Pritzker Prize-winning architects - such as Zayed National Museum, Louvre Abu Dhabi and Guggenheim Abu Dhabi. TDIC is also developing Desert Islands, a heritage-based tourism destination composed of eight islands - Sir Bani Yas Island, the historical Dalma Island and the previously unexplored Discovery Islands.
TDIC has built a strong reputation among international industry players for its compelling value proposition, transparency of business approach and ability to deliver. The company 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 Ratings, respectively. These ratings reflect TDIC’s strong financial position and support the company’s credit worthiness to investors, lenders and other market participants.
By creating investment partnerships and joint ventures, TDIC’s developments are helping to support the Emirate’s evolution into a world-class destination for tourists, businesses and residents. TDIC offers significant employment and vocational training opportunities for Emiratis keen to enhance their careers and professional qualifications.
For further information, please visit http://www.tdic.ae.
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