Mubadala Development, a strategic investment company owned by the Abu Dhabi Government, said yesterday one of its most prominent projects, the Dh5 billion (US$1.36bn) Sheikh Khalifa Bin Zayed Stadium, had been put on hold until a "later date" after the Government decided to push construction back.
The stadium was planned to be bigger than Abu Dhabi's current largest stadium, Zayed Sports City, with a capacity of more than 50,000. It would have been located in the Capital District, a new area of the city being developed as the centre of government agencies, foreign embassies and new residential and office buildings.
"The development of the stadium project has been deferred to a later date," Mubadala said yesterday. "We can confirm that the project has not been cancelled. The reasons for putting the project on hold are proprietary decisions of the Government. Mubadala Real Estate & Hospitality, as the development manager for this project, honours the confidential nature of these decisions and cannot disclose anything further." The publication MEED first reported on Wednesday that Mubadala had cancelled a tender that was supposed to have been concluded this week. The five bidders received letters telling them the project had been put on hold by the Government of Abu Dhabi.
The decision to push back the project comes as projects across the country are reviewed in light of the economic environment. The stadium would have cost as much as the entire renovation of Salam Street, a crucial piece of infrastructure for the city. Mubadala Real Estate & Hospitality has emerged as one of the biggest forces in the property sector. It is overseeing the creation of the new Central Business District on Sowwah Island and is building in a joint venture the Arzanah luxury property development near Zayed Sports City.
It also has invested in the Viceroy and The Tides hotel brands, which it is trying to spread from the US into new locations such as the Middle East and the Seychelles. Mubadala Real Estate has joint ventures with CapitaLand of Singapore and John Buck based in the US.
The new executive director of the company Peter Wilding has yet to speak publicly about his plans, although MEED reported he is conducting a review of projects.
bhope@thenational.ae
RESULT
Norway 1 Spain 1
Norway: King (90 4')
Spain: Niguez (47')
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
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The full list of 2020 Brit Award nominees (winners in bold):
British group
Coldplay
Foals
Bring me the Horizon
D-Block Europe
Bastille
British Female
Mabel
Freya Ridings
FKA Twigs
Charli xcx
Mahalia
British male
Harry Styles
Lewis Capaldi
Dave
Michael Kiwanuka
Stormzy
Best new artist
Aitch
Lewis Capaldi
Dave
Mabel
Sam Fender
Best song
Ed Sheeran and Justin Bieber - I Don’t Care
Mabel - Don’t Call Me Up
Calvin Harrison and Rag’n’Bone Man - Giant
Dave - Location
Mark Ronson feat. Miley Cyrus - Nothing Breaks Like A Heart
AJ Tracey - Ladbroke Grove
Lewis Capaldi - Someone you Loved
Tom Walker - Just You and I
Sam Smith and Normani - Dancing with a Stranger
Stormzy - Vossi Bop
International female
Ariana Grande
Billie Eilish
Camila Cabello
Lana Del Rey
Lizzo
International male
Bruce Springsteen
Burna Boy
Tyler, The Creator
Dermot Kennedy
Post Malone
Best album
Stormzy - Heavy is the Head
Michael Kiwanuka - Kiwanuka
Lewis Capaldi - Divinely Uninspired to a Hellish Extent
Dave - Psychodrama
Harry Styles - Fine Line
Rising star
Celeste
Joy Crookes
beabadoobee
Read more from Johann Chacko
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
Fixtures
Tuesday - 5.15pm: Team Lebanon v Alger Corsaires; 8.30pm: Abu Dhabi Storms v Pharaohs
Wednesday - 5.15pm: Pharaohs v Carthage Eagles; 8.30pm: Alger Corsaires v Abu Dhabi Storms
Thursday - 4.30pm: Team Lebanon v Pharaohs; 7.30pm: Abu Dhabi Storms v Carthage Eagles
Friday - 4.30pm: Pharaohs v Alger Corsaires; 7.30pm: Carthage Eagles v Team Lebanon
Saturday - 4.30pm: Carthage Eagles v Alger Corsaires; 7.30pm: Abu Dhabi Storms v Team Lebanon
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
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Getting there
Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes
UAE squad
Humaira Tasneem (c), Chamani Senevirathne (vc), Subha Srinivasan, NIsha Ali, Udeni Kuruppuarachchi, Chaya Mughal, Roopa Nagraj, Esha Oza, Ishani Senevirathne, Heena Hotchandani, Keveesha Kumari, Judith Cleetus, Chavi Bhatt, Namita D’Souza.
In Full Flight: A Story of Africa and Atonement
John Heminway, Knopff
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.