Miral announces 13 billion dirhams under construction projects in Abu Dhabi

Hotels on Yas Island witness high occupancy rates, reaching 90% for the first time during the summer.

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Yesterday, Miral revealed its new logo and its first promotional campaign. It also announced a group of projects under construction with a value of more than 13 billion dirhams spread on Yas Island and the rest of Abu Dhabi, and plans to announce three new projects soon.

Mohamed Khalifa Al Mubarak, Chairman of Miral Board of Directors, said: “Miral is committed to providing sustainable and long-term value through its projects that contribute to enhancing Abu Dhabi’s global position in the tourism sector, and seeks to achieve more exceptional achievements in its new decade by providing destinations It is distinguished and integrated, which reflects its commitment to advancing the tourism sector in Abu Dhabi and supporting its growth.”

The CEO of the Miral Group of Companies, Mohammed Abdullah Al Zaabi, announced in a press conference yesterday, that "(the group) is currently implementing in Abu Dhabi a group of projects in the tourism and entertainment sector, with a value exceeding 13 billion dirhams," explaining that among these projects is the (C) project. World) on Yas Island, of which 95% has been completed, and is expected to open at the beginning of next year, as well as two new projects on Saadiyat Island, in cooperation with the Department of Culture and Tourism in Abu Dhabi. The first is the Natural History Museum project, and 25% of it has been completed. Completion of construction work by 2025, as well as the project "Lab Phenomena Abu Dhabi", which integrates education and digital entertainment, and is expected to be completed by 2024.

Al Zaabi pointed out that, during the third quarter of this year, Yas Island recovered 90% of its visitors, compared to 2019, before the pandemic, and also recovered 100% of its visitors from the local and Gulf markets during the same period.

He pointed out that Miral is entering a new era by announcing its logo and its subsidiaries, as it will have a greater role in the tourism sector in the emirate through the projects that it implements and develop in the tourism and entertainment sector. Pointing out that the company works in three areas, including the field of development, where it is currently developing projects on Saadiyat Island, after 11 years of work on Yas Island. Big events.

Al Zaabi noted that hotels on Yas Island are witnessing high occupancy rates that reached 90% for the first time during the summer months, pointing out that the most important tourism markets, besides the local market, are the Indian, Gulf, Russian and European markets.

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