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Construction of ADNEC Phase 2 enters final stage
Tuesday, May 06, 2008

Abu Dhabi National Exhibitions Company (ADNEC) has announced that Phase 2 of the Abu Dhabi National Exhibition Centre,  has entered its final phase of construction. The main structural work of the AED 500 million Phase 2 development is complete and the main shell of the building is now in place; over the next few weeks glazing, marble and other key elements will begin to be installed. Some 2,300 highly skilled workmen are currently employed on the project in a concentrated 24-hour program of development. Construction is scheduled for completion in September this year.

Simon Horgan, CEO of ADNEC said: “Despite testing conditions within the regional construction industry, construction on Phase 2 has progressed on schedule throughout the entire development.  This is a credit to all involved.”

Horgan stressed that the speed of development has been credited to the company’s highly successful partnering program, which has been adopted in all its development initiatives. Horgan said: "The partnering program places all parties involved in the project as a single team to immediately tackle and overcome issues that may arise.  ADNEC pioneered this non-confrontational approach to building on Phase 1 with a huge amount of success; it is a philosophy that is central to all of our development projects.”

ADNEC; lead contractor Arabtec; project manager MACE and engineering and architectural consultant RMJM have employed a specialist team of 12 people from Greece to work on Phase 2. RINOL Hellas SA is credited for significantly speeding up the build process by ensuring better quality and technical superiority of the building project.

On completion of Phase 2, ADNEC will be the largest exhibition centre in the Middle East with over 55,000 square metres of fully interconnected exhibition space spread across 12 halls. ADNEC has been developed as the centrepiece project of the AED 8 billion Capital Centre project, a fully integrated community development that is considered a strategic element of the Abu Dhabi 2030 vision.

Michael Verikios - Tuesday, May 06, 2008
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How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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