Nakheel inks major deal with Gold Coast
Dubai, June 23, 2008
Nakheel, a leading real estate developer, has signed an agreement with the Gold Coast City Council of Australia to work together on a series of projects.
The Gold Coast Council is building a vibrant city, unique in its urban design and regarded as the most bio-diverse city in Australia.
The Nakheel projects will promote sustainable coastal development as part of the city council’s Blue Communities initiative launched earlier this year.
The Gold Coast City Council is bringing specific expertise to the Blue Communities initiative in the area of sand movement and beach management strategy and policies. With over 40 active environmental related strategies and procedures, the city council has proved itself to be an award-winning, world leader in the fields of sustainable development and growth.
Over the next few years Nakheel will be engaging with a wide range of organisations and governments to work on specific issues relating to coastal development.
Nakheel managing director of design and development and the driving force behind the Blue Communities sustainability initiative Abdulrahman Kalantar said: “We are delighted to announce our partnership with the Gold Coast City Council, who share our commitment to promoting sustainable coastal development. Nakheel is seeking to draw on expertise from organisations and governments around the world and this is just the first of many partnerships we will be announcing. Together we will take forward the aims of Blue Communities to provide best practice solutions to the many challenges of coastal development.”
Gold Coast City Council CEO Dale Dickson comments: “It’s an honour to work with Nakheel, a company recognised as a global leader in coastal development. We are also pleased to be the first company to be partnering with Nakheel in the Blue Communities initiative in this way. We hope to be able to share our expertise with others and communicate our vision of how water can be valued for its contribution to a better waterfront lifestyle.”
Blue Communities was launched under the direction of UAE Vice-President and Prime Minister and Dubai Ruler Shaikh Mohammed bin Rashid Al Maktoum in this January. Nakheel has committed Dh 500 million ($136m) over the next five years to Blue Communities to fund research and development activity and to promote active engagement with international experts on the issues of sustainable development, construction, management and governance of coastal communities around the globe.
Earlier this year, Nakheel also announced that Dr Farouk El Baz, the renowned scientist who played a key role in the Apollo Moon missions, had been engaged as an expert adviser for Blue Communities. – TradeArabia News Service