NIC unveils $1.4bn project in Abu Dhabi

National Investment Corporation has launched a Dhs5bn ($1.4bn) project to reshape Abu Dhabi's breakwaters into a mixed-use hotel and residential development, reported Khaleej Times. Dr Shaikh Sultan bin Khalifa Al Nahyan, Chairman of NIC, said the project will include residential and office blocks, luxury villas, two five-star hotels, a marina boat club complex, and other tourist infrastructure. The project is being developed on reclaimed land around Marina Mall.