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.
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.
On Wednesday 25th April, from 9am to 5pm, Sowwah Square will open its doors to Abu Dhabi’s business community for an exclusive pre-launch open day. Hosted tours of Al Sila (Tower1) and the new ADX headquarters building will run at 10am, 1pm and 4pm. To RSVP, email Andrea.Tungol@serco.ae
For further information please contact:
Mubadala Development Company
Current Sowwah Square Signed Tenants include:
Al Maryah Island (formally Sowwah Island) has been designated as Abu Dhabi’s new Central Business District (CBD), which forms a key component of the UPC’s Capital 2030 Plan. Located at the midpoint between Abu Dhabi’s existing downtown and new business and residential districts, Sowwah Square marks the completion of phase 1 of Al Maryah Island’s development and an important milestone in the Government’s strategic urban development plan.
Sowwah Square has been developed by Mubadala Real Estate and Hospitality and modeled on the world’s leading mixed-use, 24-hour CBDs. It comprises four international Grade A office towers with Tower 1, Al Sila, already home to a mix of blue-chip global companies including Deloitte, Clifford Chance, Al Tamimi & Company, Latham & Watkins, Mubadala GE Capital, Norton Rose, Baker Botts, King & Spalding and the Regulation & Supervision Bureau. Sowwah Square will also incorporate the new Abu Dhabi Securities Exchange (ADX), two luxury business hotels (Rosewood Abu Dhabi and Four Seasons Hotel Abu Dhabi) and The Galleria at Sowwah Square, a 33,000 sqm retail and dining precinct that connects the entire mixed-use development to the waterfront.