Abu Dhabi Finance agrees to offer mortgages for TDIC villas
Submitted by Isha Sondhi on Mon, 08/22/2011 - 08:15
Emirate based home finance provider- Abu Dhabi Finance has announced to extend mortgages for the residential villas at the TDIC's St. Regis Saadiyat Island Resort development at an interest rate 5.75 per cent.
UAE Pavilion to be brought over to Saadiyat Island
Submitted by Hasan Malik on Tue, 01/04/2011 - 19:23
If the plans of the Tourism Development and Investment Company (TDIC) fructify, then the award winning UAE Pavilion will be brought over to the Saadiyat Island.
It is currently part of the World Expo that is going on in Shanghai and has been running successfully for the past six months.
TDIC to inaugurate Manarat Phase 1 in upcoming month
Submitted by Faarooq Mehmood on Fri, 10/23/2009 - 21:29
Tourism Development and Investment Company (TDIC), has announced that the first stage of its Manarat Al Saadiyat will introduce by third week of November.
The sources informed that 15,400sq m project is located on the island's Cultural District centre and will comprise four major galleries, an experience including sales centre, a 250-seat theatre and a restaurant.
The first sated includes the 1,874sqm Saadiyat Storey as well as 1,946sqm Arts Abu Dhabi Gallery. The second phase will be finalized in April 2010.
Abu Dhabi's TDIC $1.45 bln sukuk assigns ‘AA’ rating
Submitted by Rehan Rachid on Fri, 10/02/2009 - 09:42
Abu Dhabi's Tourism Development & Investment Co (TDIC) has been assigned the top ratings for its $1.45 billion sukuk certificate issuance program by different rating agencies. TDIC has been empowered to issue up to $1.45 billion certificates (sukuk al-ijara) under the program.
Sum of $1bn may be raised by Abu Dhabi’s TDIC
Submitted by Rehan Rachid on Thu, 09/10/2009 - 19:40
There is a possibility that a sum of $1 billion (Dh3.67bn) will be raised by Abu Dhabi-based Tourism Development and Investment Company (TDIC) in an Islamic bond offer.
Two bankers, acquainted with the matters of the bank, informed that in order to manage the sale, HSBC, Abu Dhabi Commercial Bank and Standard Chartered have been appointed by the company.
The sale by TDIC is being viewed as the biggest Islamic bond offering from the UAE in more than a year, after the global credit crisis.
New Saadiyat Construction Village announced by TDIC
Submitted by Rehan Rachid on Mon, 05/18/2009 - 13:14
On Sunday, the Development and Investment Company (TDIC), Abu Dhabi's major tourism asset developer, announced that it is constructing a Dh1 billion labor accommodation facility on Abu Dhabi's Saadiyat Island. It would be the first cluster which would be ready by July to accommodate 5,000 workers.
