TDIC Hosts HRH Prince Sultan bin Salman bin Abdul-Aziz Al Saud for a Tour of Saadiyat

HRH Prince Sultan Viewed Saadiyat's Various Projects

Abu Dhabi, 15th June 2011 - Tourism Development & Investment Company (TDIC), the master developer of tourism, cultural and residential destinations in Abu Dhabi, yesterday hosted His Royal Highness Prince Sultan bin Salman bin Abdul-Aziz Al Saud, President and Chairman of the Board of the Saudi Commission for Tourism & Antiquities (SCTA), KSA, for a special visit to Saadiyat. HRH Prince Sultan was greeted by HE Sheikh Sultan Bin Tahnoon Al Nahyan, Chairman of TDIC and Abu Dhabi Tourism Authority, alongside TDIC's senior management.

HRH Prince Sultan toured Manarat Al Saadiyat's exhibition, The Saadiyat Story, which depicts the development of Saadiyat as it emerges as an unparalleled international destination for cultural and tourism. During the tour he received an update on the Saadiyat Cultural District which will be home to the Zayed National Museum, Louvre Abu Dhabi and Guggenheim Abu Dhabi. Following this, he was shown Jawaher Al Saadiyat, a selection of show homes for the Saadiyat Beach Villas residential project. The tour concluded at Saadiyat Beach, where the group viewed construction projects that will open by the end of the year: St. Regis Saadiyat Island Resort, Saadiyat Island and Monte - Carlo Beach Club, Saadiyat.

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About Tourism Development & Investment Company (TDIC)
Tourism Development & Investment Company (TDIC) is a master developer of major tourism destinations in Abu Dhabi - the largest of the seven emirates that make up the United Arab Emirates - and a key contributor to its economic and cultural progress.

TDIC is behind some of Abu Dhabi's most prestigious projects. These include two major destinations: Saadiyat - a natural island off the coast of Abu Dhabi, which will feature five leading cultural institutions designed by five Pritzker Prize winners, including the Zayed National Museum, Guggenheim Abu Dhabi, and Louvre Abu Dhabi, and Desert Islands - a unique heritage based tourism destination.

By creating investment partnerships and joint ventures, TDIC's developments are helping to support Abu Dhabi's evolution into a world-class destination for tourists, businesses and residents, and to realise the emirate's considerable tourism potential and strategic goal of delivering 2.3 million hotel guests by the end of 2012.

TDIC has been awarded high investment grade ratings of A1, AA, and AA by three top credit rating agencies, Moody's, Standard & Poor's and Fitch. These ratings reflect TDIC's strong financial position and support the company's credit worthiness to investors, lenders and other market participants. In July 2009, TDIC also launched a US$ 1 billion bond, which represented the inaugural issuance under the US$ 3 billion Global Medium Term Note (GMTN) programme. The same year, TDIC issued its inaugural US$1 billion five-year sukuk, which was the largest in the GCC for that year.

Established in April 2006, TDIC has built a strong reputation among international industry players for its compelling value proposition, transparency of business approach and ability to deliver. Locally, TDIC offers significant employment and vocational training opportunities for Emiratis keen to enhance their careers and professional qualifications.

For further information visit www.tdic.ae

For more information please contact:
Ghaith Nazzal
+971 50 453 6710
Ghaith.nazzal@hillandknowlton.com