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Twenty-four New Tenants Officially Announced At Abu Dhabi’s Central Business District At Sowwah Square
(23 April 2012)

Critical Mass of Business and Financial Professionals Emerging in the Capital

Sowwah Square, the heart of Abu Dhabi’s new Central Business District (CBD), is formally announcing today its next wave of twenty-four new tenants. Over 80% of Al Sila (Tower 1) and 48% of Al Maqam (Tower 3) are now leased.

Modeled on the world’s leading commercial centers, Sowwah Square is becoming the Capital’s hub for international and local businesses, with operations including Al Tamimi & Company, Booz & Company, Deloitte, Societe Generale, Gulf Capital, JP Morgan, Clifford Chance and GE Corporate all taking advantage of the ‘critical business mass` being achieved by the strategic focus of a dedicated CBD.

Ali Eid AlMheiri, Executive Director of Mubadala Real Estate and Hospitality said; “The vision for Sowwah Square has always been for a vibrant urban community supported by leading local and international businesses. Even in current market conditions, the compelling logic of Abu Dhabi’s new Central Business District is proving unstoppable. This will have a very positive knock-on impact for Abu Dhabi’s and the UAE’s economy.”

Private sector companies account for 82% of all Sowwah Square’s tenants – 77% of which are leading international businesses.

“Given the financial and corporate focus of Al Tamimi & Company there was no question that when we were looking to move to a new premises in Abu Dhabi we would move to Sowwah Square,” commented Stephen Forster, Partner and Head of Abu Dhabi Office of Al Tamimi & Company. “In our view Sowwah Square offers unparalleled commercial space in Abu Dhabi. The on-site facilities are second to none; our office space offers amazing panoramic views across the island and the business community relocating there is thriving."

With the Abu Dhabi Securities Exchange (ADX) basing itself at Sowwah Square, alongside premier healthcare provider Cleveland Clinic Abu Dhabi, luxury hotel group Rosewood and The Galleria – a 33,000 sqm retail and dining precinct that connects the entire mixed-use development to the waterfront – the district is set to become a leading destination for Abu Dhabi’s wider community.