Faithful+Gould wins $3.3bn Yas Bay project management deal
May 31, 2017
Faithful+Gould, a leading project management consultancy, has been awarded a four-year contract by Miral, Abu Dhabi's leading creator of destinations, for the first phase of its Dh12-billion ($3.3 billion) master development Yas Bay.
Located in the south of Yas Island, Abu Dhabi, the project will be delivered in two phases.
As per the deal, Faithful+Gould will work on Phase One, which includes the Yas Arena, a multipurpose venue with a capacity of 18,000; a 650-key hotel; as well as cafes and restaurants, retail outlets and a cinema, all expected to open their doors to the public in 2019. Phase Two will include a 250-key high-end hotel.
The project and programme management consultancy’s services include design, construction, logistics, programme and health safety and security (HSSE) management across pre-and post-contract phases.
Faithful+Gould said this important project will further add to Yas Island’s vision as a global destination for family entertainment and leisure, and position as a global destination, while supporting Abu Dhabi’s long-term drive for economic diversification.
The overall masterplan for Yas Bay Development will comprise a five-star family hotel resort, lifestyle hotel, arena and retail/food and beverage across a pier, promenade and waterfront areas.
These assets entail the addition of approximately 900 keys, inclusive of conference facilities, as well as a 3.2-million-sq-ft TwoFour FiftyFour media zone for 10,000 professionals and residential developments for 15,000 residents.
Campbell Gray, the managing director of Faithful+Gould Middle East, said: "Miral has a clear objective for Yas South to become a globally recognised leisure and entertainment destination, integral to Abu Dhabi Vision 2030, and we are really excited to be a part of that."
"With extensive experience in the project and programme management of mega projects such as Al Maryah Central, Abu Dhabi; Bulgari Hotel & Residences on Jumeirah Bay in Dubai; The Royal Atlantis, Dubai; Doha Oasis, Qatar and King Abdulaziz Airport in Saudi Arabia, Faithful+Gould will work closely with Miral to achieve its time and cost objectives," he added.