Faithful+Gould wins $3.3bn Yas Bay PM deal

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Faithful+Gould wins $3.3bn Yas Bay PM deal

Faithful+Gould has been appointed to provide project management services on part of Miral’s AED12 billion master development, Yas Bay, located in the south of Yas Island, Abu Dhabi.

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 the Emirate of Abu Dhabi’s long-term drive for economic diversification.

YAS ISLAND HOTEL
The Yas Bay project will be delivered in two phases and Faithful+Gould’s four-year appointment is to 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 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.

The overall master plan for Yas Bay Development will comprise of a 5-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 square foot TwoFour FiftyFour media zone for 10,000 professionals and residential developments for 15,000 residents.

Campbell Gray, Faithful+Gould Middle East managing director 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 Jumeira 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.”

Source: www.fgould.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.