Investment still flooding into Abu Dhabi
26 January 2009 07:40
Speaking to the Waterfront Expo conference in Liverpool, Peter Sheard, senior associate at Gensler, said that interest in the city remains strong despite its relative isolation.
The industry expert drew comparisons between Abu Dhabi and other travel hotspots in the region such as Dubai, Kuwait, Bahrain.
He acknowledged that in some cases a "lack of planning" has resulted in ambitious construction projects getting off to a difficult start, but reiterated Abu Dhabi's continued popularity.
"Like Dubai and Bahrain, Abu Dhabi is seeing its seafront as something that it can manipulate and change often physically so the waterfront is changing and changing quite rapidly," he commented.
"This is a city where if it wants to change something then it will change something … They are learning their lessons from developments."
According to Global Realty Partners, the number of hotel rooms available in Abu Dhabi looks set to increase by 156 per cent between 2006 and 2010.