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Al Hilal Bank Appoints John Buck International To Manage The Development Of Commercial Plot On Sowwah Island; John Buck International Properties LLC expands portfolio of commercial, hospitality and infrastructure projects on Sowwah Island.

Publication: M2 Presswire
Publication Date: 10-AUG-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-10 August 2009-John Buck International: Al Hilal Bank Appoints John Buck International To Manage The Development Of Commercial Plot On Sowwah Island; John Buck International Properties LLC expands portfolio of commercial, hospitality and infrastructure projects on Sowwah Island(C)1994-2009 M2 COMMUNICATIONS

RDATE:10082009

Abu Dhabi -- John Buck International Properties LLC (JBI) and Al Hilal Bank (Al Hilal) today announced the signing of a Development Management Services Agreement that sees JBI coordinate and manage the development of a 24 storey commercial tower for Al Hilal.

The commercial plot is located on Sowwah Island, the core of Abu Dhabi's new Central Business District (CBD). Sowwah Island is a strategic project of Mubadala Development Company (Mubadala) being master planned and developed by Mubadala Real Estate & Hospitality. Al Hilal purchased the 4,850 sqm plot from Mubadala in July 2009.

John Buck International will be Al Hilal's Development Manager, and will steer all aspects of the project through the design and construction processes. The first phase of the design process commences immediately. Occupancy is scheduled to occur in 2014 for what will be an iconic addition to Abu Dhabi's skyline.

Kevin P. Morgan, Deputy Chief Executive Officer at John Buck International commented, "John Buck International is delighted to be the Development Manager of this very...

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