Louvre Abu Dhabi on track for completion

22/02/2010 - Northern Emirates Property & Investment News
Louvre Abu Dhabi on track for completion
Posted by Neil King

The Louvre Abu Dhabi museum project is on course for completion by 2013, its developer has announced.

Tourism Development and Investment Company (TDIC) said that the project had entered the piling works phase following a competitive tendering process to German construction company Bauer International FZE, WAM news agency reported.

The Louvre Abu Dhabi is part of the Saadiyat Island Cultural District which will host the world's largest concentration of cultural institutions including the Zayed National Museum and the Guggenheim Abu Dhabi museum, the news provider noted.

Lee Tabler, chief executive of TDIC, said: "We are very excited about the Louvre Abu Dhabi project and how it is progressing so rapidly. This development is indeed one-of-a-kind from design aesthetics to constructions mechanisms - it is a piece of art in the making."

Last week, Gurjit Singh, chief operating officer of Sorouh Real Estate, said that Abu Dhabi has the potential to lead a regional recovery in the property and real estate market in the medium to long term.