Mubadala and Aldar Launch AED 60 Billion Expansion Project to Enhance Abu Dhabi's Financial District

Mubadala and Aldar have announced a significant development project on Al Maryah Island in Abu Dhabi, with a value exceeding AED 60 billion. This initiative marks a strategic shift in the urban and economic growth trajectory of the emirate. The project aims to expand the financial district and enhance its standing as a global business destination, in line with Abu Dhabi's vision to be a major hub for international capital and investment.

This expansion will inject new momentum into Al Maryah Island, regarded as the financial heart of the emirate, by doubling the supply of premium office spaces and increasing capacity. The project will add approximately 1.5 million square meters of built space, featuring high-quality work environments aimed at global companies and major financial institutions. This direction reflects a clear desire to enhance the emirate's attractiveness to investors and strengthen its position on the global financial and business map.

The project will include diverse urban expansion featuring advanced offices, luxury residences, retail shops, and hospitality facilities, creating an integrated urban system that combines work, life, and community. This development will serve a growing community of professionals and entrepreneurs, enhancing the emirate's ability to attract talent and provide a living environment that meets global quality standards.

The project represents a significant boost for Abu Dhabi Global Market, headquartered on Al Maryah Island, which currently hosts over 11,000 companies operating within an advanced regulatory and legislative environment. The new expansion is expected to enhance the center's capacity to attract more international companies and support the expansion of existing firms, while providing a financial and legal infrastructure capable of keeping pace with growth.

The project also includes an expansion in the residential and hospitality sectors, with plans to add up to 3,000 luxury residential units and world-class hotels, enhancing the residential and tourism appeal of the island as part of a comprehensive vision to create a mixed-use area that blends living, working, and leisure. The new development is also expected to support sustainable population and economic growth in one of Abu Dhabi's prominent urban destinations.

This project reflects Abu Dhabi's commitment to enhancing a knowledge-based and service-oriented economy by investing in urban infrastructure capable of supporting business and improving quality of life. As the project comes into effect, Al Maryah Island is anticipated to solidify its position as a comprehensive financial and urban center, showcasing the emirate's ability to combine economic strength with high living standards, further enhancing Abu Dhabi's status as a global destination that merges investment, innovation, and quality of life.