Dubai-based business conglomerate Najibi Group is planning its first venture in Australia - an 'active lifestyle' destination, inspired by Asia's high-profile tourist hotspots.
Influenced by major action sports projects, water parks and entertainment hubs across Asia, Najibi Group’s latest project will offer a family-friendly experience to locals as well as tourists, according to Sanad Capital's chief executive Bradley P. Sutherland, speaking with local media.
The news comes following the recent opening of its new investment and development company Sanad Capital in Australia, according to TradeArabia.
Najibi executive chairman Talal Y. Najibi said: "This project marks a major milestone in Najibi's strategy to diversify its interests and investments. We feel this is the right time to invest in Australia. The Sunshine Coast is rife with opportunities, and we are confident that this project will be extremely successful."
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The new venture is anticipated to generate 2,000 direct and indirect jobs during its construction phase, and will generate a further $21.7 million annually in salaries and wages upon completion.
The project will comprise a waterpark, water sports facilities, sports centre, events area, hotel, function centre, restaurants and retail outlets.
Further details on the development will be released later this year, with construction set to begin in 2017.
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