Aldar’s projects on track

Abu Dhabi’s biggest real estate developer Aldar Properties has not slowed down or put on hold any of its projects due to the global financial crisis and has no plans to lay off staff to cut costs, a senior Aldar executive told Gulf News.

“Everybody is affected by the financial tsunami, nobody is immune. However, all projects that we started are going on as planned and we are not laying off any person,”

said Ousama Ghannoum, Aldar’s marketing director.

He said Aldar’s ongoing projects in Abu Dhabi, which include the Formula 1 track, Central Market project, hotel projects and Al Raha Beach residences, are going to be completed on schedule.

“We have tight delivery schedules and we are going at full speed,”

Ghannoum said, adding the Formula 1 track would be ready next year to host the last Formula 1 race of 2009 calendar year in Abu Dhabi on November 1.

Gulfnews

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