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:
Kelly Townley
ktownley@mubadala.ae
Communications Manager
Mubadala Development Company

Current Sowwah Square Signed Tenants include:

1. Accenture
2. Abu Dhabi Commercial Bank
3. Akin Gump
4. Al Mamoura Real Estate Management
5. Al Tamimi & Company
6. Baker Botts
7. Banco Bilbao Vizcaya Argentaria (BBVA)
8. Booz & Company
9. Cleveland Clinic Abu Dhabi (CCAD)
10. Clifford Chance
11. Deloitte
12. Dunia Finance
13. GE Corporate
14. Goettsch Partners
15. Gulf Capital
16. Habib Al Mulla
17. Herbert Smith
18. Hogan Lovells
19. JP Morgan
20. King & Spalding
21. Latham & Watkins
22. Linklaters
23. Mesirow Financial
24. Mubadala GE Capital
25. Mubadala Oil & Gas
26. Norton Rose
27. Perella Weinberg Partners
28. Pillsbury Law Firm
29. Pramerica
30. Regulation & Supervision Bureau
31. Santander Bank
32. Societe Generale
33. White & Case

About Sowwah Square

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.