TDIC to develop Sir Bani Yas Island : Invites private investors

Abu Dhabi's Tourism and Investment Company (TDIC) has invited private investors to prequalify for a 30-year land lease on a development project at Sir Bani Yas Island.

The contract comprises the lease as well as the development of a 3-4-star hotel on the plot.

The start bid for the annual land lease must be at least AED1mn ($272,258). Prequalification documents must be submitted by 9 June, 2014.

At the start of the month, TDIC invited contractors to prequalify for coastal protection works at the same location, part of its Desert Islands development.