AUD 400 million 'active lifestyle' themed development to be inspired by Dubai's high-profile tourist hotspots

Dubai, UAE - June 29th, 2016

Dubai-based business conglomerate Najibi Group, which recently opened the doors to its new investment and development company Sanad Capital Pty Ltd in Australia, has just announced its very first venture on the nation's Sunshine Coast - an AUD 400 million 'active lifestyle' destination.

Talal Y. Najibi, Executive Chairman of Najibi, says this project heavily complements the group's overall objectives. "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, Queensland is rife with opportunities, and we are confident that this project will be extremely successful."

As per an economic benefits and analysis report produced by Sanad Capital, the new venture will generate 2000 direct and indirect jobs during its construction phase, and will generate a further AUD 29 million annually in salaries and wages post completion.

"The development is set to become an unparalleled, unprecedented community and tourist hub. Influenced by major action sports projects, water parks and entertainment hubs in Dubai, it will serve up a memorable, family-friendly experience to both locals as well as tourists," notes Sanad Capital's Chief Executive Bradley P. Sutherland. The Queenslander wields twenty-one years of experience in Dubai, during which he built a diverse range of projects and investment ventures from ground up.

The report further notes that the project will inject AUD 60 million into the region's economy for each year of construction - totaling AUD 260 million during construction - and upon completion it will add AUD 30 million per annum thereafter.

The Sunshine Coast project will comprise a world's first 'Wave Reservoir', a world-class waterpark and extreme water sports facilities, a Olympic standard  training centre, a 4 star hotel, a conference and exhibition centre, restaurants and retail outlets. Further details on the development will be released later this year and construction is set to begin in 2017.

-Ends-

About Sanad Capital:
First conceptualised in 2014 and an offshoot of Dubai-based business group Najibi, Sanad Capital is a privately owned development and investment company. Located on Australia's Sunshine Coast, the company intends to facilitate a diverse range of community-based and family-friendly projects, by tapping into significant reserves of capital, years of relevant experience and the know-how of its executives.

One of the company's primary objectives is to boost tourism and generate new employment on the Sunshine Coast by investing in and developing multiple special projects.

Sanad Capital's operations and business services span project funding, private equity, pre-IPO capital and joint ventures, and its areas of expertise include real estate development, as well as the technology, tourism, retail and energy sectors.

About Najibi:
The Najibi Group of Companies is a large, diversified and family-owned business conglomerate based in the Middle East. The conglomerate was founded decades ago in Bahrain, where it found success because of the thriving trade and commerce industries in 1932. In 2003, the conglomerate shifted to Dubai, the business hub of the Middle East, where it continues to grow successfully under the guidance of its founder and CEO, Talal Yusuf Najibi. 

Over a span of 50 years, the conglomerate has developed various lucrative projects and ventures and provides a wide range of operations and business services that span construction, manufacturing and hospitality industries. Its areas of expertise include real estate development, as well as the retail and trade sectors. The conglomerate also provides strategic advisory and consultancy services in regards to joint-venture partnerships and investment opportunities throughout the region. The group prides itself on being committed to sustainable business practices, continual growth and sustainable productivity.

For more information please contact:
Kim Narrandes
kim@tcf-me.com

© Press Release 2016