New Mercedes Benz Showroom to be Developed on Abu Dhabi’s Yas Island

New Mercedes Benz Showroom to be Developed on Abu Dhabi’s Yas Island

New Mercedes Benz Showroom to be Developed on Abu Dhabi’s Yas Island

$DDAIF

Construction on the project is scheduled to start in Q-4 Y 2017

Abu Dhabi developer Aldar Properties has signed a partnership agreement with conglomerate Al Fahim Group to develop a new Mercedes-Benz (OTCMKT:DDAIF) and AMG showroom and express service center in Yas Island.

The new 5,900 sqm showroom will be located within Aldar’s 27,000-sqm retail park. It will be situated close to Yas Mall and opposite the mall’s luxury department store, Tryano.

The project will be designed and developed by a consortium of four architectural companies, a statement said.

Construction is scheduled to start in Q-4 Y 2017, with handover to Al Fahim Group in early Y 2019.

Currently, Al Fahim Group operates the world’s largest Mercedes-Benz facility in the industrial zone of Mussafah through its subsidiary Emirates Motor Company, which is the authorized Mercedes-Benz distributor in Abu Dhabi.

Ahmed Abdul Jalil Al Fahim, Chairman of Al Fahim Group, said: “We are excited to partner with Aldar to build the world’s 1st Autohaus combining the new Mercedes-Benz and AMG Performance Center architecture under one roof.

“The complex will have all the elements of future showroom concepts for Mercedes-Benz and AMG, such as complete digitization and new job roles. The facility is part of our group strategy to demographically expand and provide added services.”

Aldar’s new planned retail park on Yas Island was announced in March 2017 and forms a part of the developer’s Dhs3-B  investment program aimed at growing net operating income from recurring revenue generating assets.

Mohamed Khalifa Al Mubarak, CEO of Aldar said: “This deal comes soon after announcing our retail park plans within our investment program, and we look forward to the new showroom making an impact on our recurring revenues as soon as next year.”

In terms of retail, along with Yas Mall, Yas Island has Ace Hardware and Ikea stores. Aldar also has over 3,500 homes under development across the island which include West Yas, Mayan, Yas Acres and Ansam, with Ansam due for handover later this year.

The island’s attractions include Ferrari World Abu Dhabi, Yas Waterworld, CLYMB, Warner Bros. World Abu Dhabi, set to open in 2018, and SeaWorld Abu Dhabi, set to open in Y 2022.

Yas Island also offers the Yas Marina Circuit, 7 hotels, a live performance and concert arena, an 18-hole championship golf course, marina and a beach.

Have a terrific weekend.

The following two tabs change content below.

Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

You must be logged in to post comments :  
CONNECT WITH