Post on 17-Nov-2014
description
The Ferrari Theme Park
*The Yas Island
Project Finance
*The Yas Island
*Yas Island occupies a total land area of 2,500 hectares
*1,700 hectares is claimed for development
*Island will feature attractions such as a world-class motor sports racetrack, signature hotels, the Ferrari theme park, Water Park, and the Abu Dhabi destination retail development of 300,000 sq m retail area
*Unique International tourist destination expected to complete by 2014
*Yas-Marina Circuit
*Work on Yas Marina Circuit began in February 2007, and has included:
*Employing a workforce of 14,000
*Investing 35 million man hours
*Shifting 1.6 million cubic meters of earthwork
*Laying 720,000 square meters of asphalt
*Pouring 225,000 cubic meters of concrete
*Installing 30 kilometres of special electronic ducts
*Installing 25 kilometres of electrical cabling
*Installing 17 kilometres of drainage
*Installing 22 kilometres of irrigation piping
*Landscaping 430,000 square meters of ground
*Planting 5,000 trees
*Setting 40 kilometres of curb-stones
*Outlook
*Value & Financing
*Project Valued at USD 100+ billion
*Categorized sector: Real Estate | Leisure & Entertainment
*Financing Sources: Abu Dhabi Ministry of Presidential affairs, Abu Dhabi Investment Authority, BNP Paribas, Mashreq Bank, and HSBC are the project financiers.
*The Ferrari Theme Park
*A project of records
*The largest indoor theme park and housing the fastest roller coaster in the world it is also the largest standing seam metal roof in the world
*The roof only is over 200.000 m2 whereas the total project volume including aluminum façade covering is approximately 300.000 m2. The equivalent of 50 football pitches!
*Outlook
*Value & Financing
*Project Valued at USD 40 billion
*Categorized sector: Leisure & Entertainment
*Financing Sources: BNP Paribas, Mashreq Bank, and HSBC are the project financiers.
*Investment Break-up
Financers USD in billion
Ministry of Presidential Affairs 55.8
BNP Paribas 10 (7+3)
Mashreq Bank 15.25
Abu Dhabhi Investment Authority 8
Noor Islamic Bank 25.12
HSBC 10
*Finance structure
*Started in 2006 the project called in for a AED 1,452.3 million
*Net asset value moved by 99% to AED 1,566.6 million in a 12-months period of time
*Developments under construction increased in value by 175.3 percent to AED 22,934.3 million from AED 8,332.0 million at end 2007
*Finance Structure
*Post MoU of NIB & Aldar and Sorouh real estate in 2008, 90% of financing to YAS was done by NIB
*By mid-2009, the ferrari theme park was up & running
*The value of developments under construction increased by 119.2% to AED 18,260.1 million (2008: AED 8,332 million)
*Thank You