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abudhabi adding aim airways aldar area awards based billion both business center circuit claimed cost development dhabi entertainment estimated etihad existing extending facilitieit foreseeing formula grand has holds hosted initiated investment island km2 land leading leisure marina multi named new november occupies oneFrom The Top YAS Island In Abudhabi & X28; UAE & X29; Editorial Image
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From the top YAS island in Abudhabi & x28; UAE & x29; #92142746
Description
The islandââ¬â¢s development project was initiated in 2006 by Abu Dhabi-based Aldar Properties, with the aim of turning the island into a multi-purpose leisure, shopping and entertainment center at an estimated total cost of over $40 billion. This investment was planned as a multi-staged project to unfold in phases until 2018, with project stakeholders foreseeing the possibility of extending development by adding new venues and upgrading existing facilitieIt occupies a total land area of 2,500 ha & x28;25 km2& x29;, of which 1,700 ha will be claimed for development. Yas Island holds the Yas Marina Circuit, which has hosted the Formula One Etihad Airways Abu Dhabi Grand Prix since 2009. Both business and leisure travelers visit Yas Island. Yas Island was named the world& x27;s leading tourism project at the World Travel Awards in November 2009.
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