Aldar Properties is in the final stage of negotiations with Starwood Hotels & Resorts on a 190-key hotel in Kazakhstan, marking the firm’s first project outside of Abu Dhabi.
Aldar, which has 2536 hotel keys in total, 2259 of which are situated on Yas Island, has Yas Viceroy, Tilal Liwa Hotel, Yas Crowne Plaza and Hala Arjaan in its portfolio.
Jahed Rahman, Aldar Properties director of hospitality & leisure commented: “Abu Dhabi Plaza is a milestone development for Aldar, and underpins the close ties between the UAE and Kazakhstan.
"The project will serve to enhance Astana’s status as a business destination and further diversify the strong economy there.
"The luxury residential tower will define modern lifestyle living in the city, and the shopping mall will provide an unparalleled retail, entertainment and dining experience complemented by the flagship hotel offering.
" We are delighted to have initiated a partnership with Starwood, and are confident they will play a key role in the future success of this development.”
The hotel will form part of Abu Dhabi Plaza (ADP), a major mixed-use development located near the President’s palace in Astana’s Central Business District in Kazakhstan.
The scheme is set on a 4.46 hectare site and is currently being developed by Aldar on behalf of the Government of Abu Dhabi.
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In addition to a 190-key hotel with associated 100-key serviced apartment block, the mixed-use development comprises a 75-storey mixed use residential tower which is 320 metres in height, two international grade office towers a retail, a leisure and F&B podium, integrated plaza and a public area.
ADP is the primary development on the city’s masterplan, and will be a key landmark for Astana.
Aldar has compared the development to the World Trade Centre, Abu Dhabi in terms of its composition.
Construction of Abu Dhabi Plaza in Kazakhstan will cost US $1.6 billion, according to the country’s Minister of Industry and New Technology and Vice Prime Minister Asset Issekeshev.
Abu Dhabi Plaza is currently under construction by a joint venture of Arabtec and Consolidated Contractors Company ‘CCC’ under a AED4 billion (US $1.09 billion) contract with Aldar Properties, which was awarded in June last year.
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