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Home > Blogs > Things that Pop into my Head > Permalink Abu Dhabi Construction Industry Booming
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Things that Pop into my Head 
Unlike its beleaguered neighbour, Dubai, which is struggling under debt, Abu Dhabi is planning to build a new sports stadium. Abu Dhabi is planning to make the new stadium the biggest in the UAE, holding 65,000 seats and feature a retractable roof. Once completed, it will be eventually the new home of the UAE's football team. Abu Dhabi is hoping that this latest construction, following on from the $1 billion Formula 1 track, seven hotels and marina on Yas Island completed earlier this year, along with $100 billion of infrastructure investments will help put it on the world map. Dubai, seen as the jewel in the crown of the UAE, is currently striving to sort out its own financial crisis as it requested debt repayment delays recently. Contractors interested in taking on the stadium project have until 12th December to submit prelimary bids and must have had a minimum annual turnover from construction activities of $1.22 billion in each of the last three years. The stadium is being developed by Mubadala Real Estate & Hospitality, part of the Abu Dhabi-owned investment company Mubadala.
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