16 October 2007
Abu Dhabi: Sultan Bin Rashed Group, a diversified private sector business group based in Abu Dhabi, said yesterday it plans to develop a Dh700 million property in Al Ain which will have 192 hotel apartments and a shopping mall.
The Wahat Hili project will be built in a single phase and it will include Hili Rotana suites, consisting of hotel apartments operated by the Rotana Group, and Wahat Hili Mall, managed by Aswaq Management and Services (AMS), it said.
Saeed Al Daheri, chairman of Potential Real Estate, the property development arm of the Sultan Bin Rashed Group, told Gulf News that the finance for the project will be provided by the National Bank of Abu Dhabi.
The Wahat Hili development is slated for completion in the first quarter of 2010 and the project is situated in Hili district, north of Al Ain.
Meeting rooms, business centres, gymnasium facilities, all day dining and coffee shops will also be provided, a release said.
By Himendra Mohan Kumar
Gulf News 2007. All rights reserved.
