Largest provider of online collaboration tools to service more than ten of ALDAR's developments
Abu Dhabi, UAE - ALDAR Properties PJSC has announced that it has selected Aconex, the largest provider of online collaboration tools for construction and engineering projects across the globe, to provide its web-based information management solution for a number of the leading property development company's projects.
As part of the agreement, Aconex will service more than ten of ALDAR's developments including Abu Dhabi's largest ever development, the US$40 billion YAS Island, which once completed will comprise a Formula OneTM Grand Prix track, a Ferrari theme park, championship golf courses, hotels and 300,000 square metres of retail space.
Aconex is a web-based information management solutions company that facilitates collaboration between a development organization and its project partners. By using Aconex, project participants will be able to manage their documents and correspondence through one online platform, allowing them to view, distribute and track their files electronically at any time and from any location. This is critical for ALDAR's projects as it improves productivity by allowing fast retrieval and distribution of data thus reducing printing and distribution costs and mitigating risks such as information loss, disputes and delays.
Abdullah Zamzam, ALDAR Chief Corporate Support Officer, said: "Aconex will provide us with a central platform and standardized procedures for communicating with our consultants and contractors. Many of these organizations are based overseas, so using Aconex will allow us to collaborate more efficiently. A key factor in our selection of Aconex was that the company can provide training and support to all our project partners, wherever they are located. Aconex also manages the IT infrastructure and ongoing maintenance of data, meaning fewer internal resources are required."
Leigh Jasper, Aconex Chief Executive Officer, said: "ALDAR is one of the world's most progressive and innovative real estate developers so we are very pleased to be helping them to deliver their projects. Their portfolio is transforming Abu Dhabi and setting the standard for the entire region. Many of ALDAR's projects are ambitious, multi-billion dollar developments. Organizations working on these projects will generate hundreds of thousands of documents and pieces of correspondence that will need to be stored securely and efficiently distributed between the project team. Aconex provides a solution to managing this flow of information."
Aconex already services a number of major developments across the Gulf region, including Dubai Metro, Dubai Sports City, Lulu Island Bahrain and Between the Bridges Abu Dhabi.
Mr. Jasper added: "Approximately 15% of projects in the UAE are using an online collaboration tool such as Aconex. Uptake has doubled each year for the past three years and we are seeing this type of solution rapidly becoming the industry standard for project information management."
Aconex will provide information management support for the largest of ALDAR's projects, YAS Island, which is scheduled to commence construction in two phases during 2007. YAS Island occupies a total land area of 2,500 hectares, of which 1,700 hectares will be reclaimed for the development. Other ALDAR projects using Aconex include Al Gurm Resort, a residential and tourist destination consisting of 59 private luxury homes and a 161-suite 5 Star resort, and Al Raha Gardens, a residential project made up of Arabian and European style villas set amongst landscaped gardens.
- Ends -
About Aconex
Aconex www.aconex.com is the world's largest provider of online collaboration for construction and engineering projects. From its 30 offices, the company services projects with a combined value in excess of US$160 billion.
About ALDAR Properties
ALDAR Properties PJSC www.aldar.com is a leading property development company, with strong investment and management capabilities. ALDAR was established primarily to create world-class real estate developments for the nation of Abu Dhabi, whilst providing a stable and profitable investment portfolio for its investors.
For further information, please contact:
Sufeena Hussain
Account Manager
Buchanan Middle East
A WPP Company
Direct: +971 4 3698555 Ext. 558
Mobile: +971 50 2571214
Fax: +971 4 3698556
E-mail: sufeena.hussain@buchananme.com
© Press Release 2007
