Bloom Holdings has been cleared to build a 2.2km² mixed-used master development near Abu Dhabi International Airport, the company’s chief executive officer told Construction Week.
The master development, called Bloom District, will feature thousands of apartments, townhouses, and villas, and will be built over 15 years, Sameh Muhtadi, chief executive officer of Bloom Holdings, revealed.
Muhtadi described the project as a “major, major development”. He was "very excited" about Bloom District, which could become Bloom Holding's biggest development since the company was created in 2007.
“This is a very long-term project for us, which will be built over six phases. Next year we will start the early infrastructure phase on Bloom District, so we’re very busy. We have been working on this master development for a while and it took a long time, but I think that we are finally there, and we are really excited.”
As well as the thousands of residential units, Bloom District will include two schools, a hospital, and a community retail centre.
Bloom Holdings already owns the land and is currently master planning the project after it was given the go-ahead by the Abu Dhabi Municipality.
The first contract will be awarded in Q4 2018 and will cover infrastructure work for the development project that will span 2.2km².
Bloom Holdings announced Bloom District at Abu Dhabi Cityscape on Tuesday, 17 April.
In a wide ranging interview with Construction Week, Muhtadi also revealed that the company was moving beyond the borders of the UAE and into other markets, including the US.
“I’m proud to say that we are probably the first UAE company to develop in the US. We’re doing a project in Rochester, Minnesota,” he said, without disclosing further details.
An announcement on the project Bloom Holdings will develop in the US state of Minnesota is expected to be made soon.