Aldar Announces Completion of Ferrari World Abu Dhabi External Structure

ABU DHABI, UAE -

- Major Milestone in Development of World’s Largest Indoor Theme Park Covering 200,000 m2

- Structure Features Iconic 66m “Scuderia Ferrari” Emblem

Aldar Properties, Abu Dhabi’s leading property development, management and investment company, today announced the completion of the external structure of Ferrari World Abu Dhabi.

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Located on Yas Island, Aldar’s brand new Retail, Leisure and Entertainment destination and host venue for the inaugural Formula 1(TM) Etihad Airways Abu Dhabi Grand Prix, Ferrari World Abu Dhabi is set to be the world’s largest indoor theme park and the first ever Ferrari theme park in the world when it opens in 2010.

The iconic sleek red roof directly inspired by the classic double curve side profile of the Ferrari GT body covers a surface area of 200,000m2 and features the largest Scuderia Ferrari “prancing horse” emblem in the world, measuring 66m in diameter. 35,000 tonnes m3 of concrete, 12,370 tonnes of steel, 29,000 m2 of facade glazing and 165,000 m2 of roof cladding were used to create the park’s superstructure which was completed in 14 months. Over 4,500 workers have been involved in this major construction project on a daily basis.

A joint venture management construction company owned by Aldar and Besix, the largest Belgian construction group, is responsible for the management of the project, whilst UK firm Benoy is the architect and lead consultant.

Ferrari World Abu Dhabi will be operated by Farah Leisure Park Management LLC (Farah), a joint venture between Aldar and ProFun Management Group.

Ferrari World Abu Dhabi will be an intense multi-sensory experience and a must-visit venue for enthusiasts, fans and families. It pays tribute to the passion, excellence, performance and technical innovation that Ferrari has established over the years and represents today. The Park will host over 20 state-of-the-art attractions, each designed to bring to life a different part of the Ferrari story. This includes the world’s fastest rollercoaster, travelling at speeds exceeding 200 km/h emulating the thrilling sensation of being in a Ferrari F1 car, the G-force experience that takes passengers on an adrenaline-pumping ride up over 62 m through the roof and back down again, as well as an aerial voyage over Italy, following a Ferrari. The unique experiences offered at Ferrari World Abu Dhabi will be complemented by a wide variety of Italian delicacies and unique shopping experiences.

Mohammed Al Mubarak, Chief Commercial Officer, Aldar Properties and Chairman of Farah Leisure Park Management LLC, commented:

“We are delighted to have reached this landmark in the development of Ferrari World Abu Dhabi. Signature projects like this are another element of our commitment and contribution to Plan Abu Dhabi 2030, by delivering attractions that further enhance the Emirate’s credentials as an exciting place to live and visit. We are proud to be a part of bringing Ferrari to Abu Dhabi and giving our citizens and visitors alike the opportunity to share in the passion and excitement of these initiatives.”

Piero Ferrari, Vice Chairman, Ferrari Spa, added:

“With the inaugural Formula 1(TM) Etihad Airways Abu Dhabi Grand Prix just days away, this milestone is a fantastic demonstration of the blossoming relationship between Abu Dhabi and Ferrari. Abu Dhabi’s involvement with Ferrari is emblematic of our collective commitment to quality and tradition linked with innovation and vision.”

About Aldar Properties:

Aldar Properties PJSC is Abu Dhabi’s leading property development, management and investment company. It listed on the Abu Dhabi Securities market in 2004. Aldar was established to support the region’s infrastructure through the creation of high quality, attractive and sustainable communities equipped with residential, commercial, retail, leisure, hospitality, education and medical facilities.

Aldar’s diverse property portfolio includes major developments and re-developments within Abu Dhabi including Yas Island, Al Raha Beach, Central Market, Al Falah, Nareel Island, and Noor Al Ain. The company owns over 50 million square metres of land in strategic locations throughout the Emirate.

For further details visit www.aldar.com For more information, please contact: Mona Zayati Aldar Properties PJSC Tel: +971-2-696-4729, Mob: +971(0)50-4108400 Email: mzayati@aldar.com

Source: Aldar Properties PJSC

For more information, please contact: Mona Zayati, Aldar Properties PJSC, Tel: +971-2-696-4729, Mob: +971(0)50-4108400, Email: mzayati at aldar.com