The National Investment Corp and Rotana signed a partnership agreement for the management of a 600 room luxury property, in Marina Abu Dhabi.

This announcement took place during an official signing ceremony hosted by HH Dr. Sheikh Sultan Bin Khalifa Al Nahyan, Chairman of National Investment Corporation, Mr. Abdullah Al Saadi, General Manager of National Investment Corporation – Member of the Board of Directors, Mr. Nasser Al Nowais, Chairman of Rotana Hotels and Mr. Selim El Zyr, President & CEO of Rotana Hotels

"The development of the hospitality sector is an important factor as the Abu Dhabi economy continues its strong growth," commented HH Dr. Sheikh Sultan Bin Khalifa, Chairman, National Investment Corporation. "We are proud to be partnering with Rotana, like us an Abu Dhabi brand with global vision, to drive this economic development and provide world class facilities for business and leisure tourists alike."  

"The essence of Rotana is the diversity in the products and genuine Arabic hospitality and for us to partner with National Investment Corporation makes this statement stronger. This agreement represents a great achievement not just for the two companies but for Abu Dhabi as well" said Nasser Al Nowais, Chairman of Rotana.

The property will be located on the breakwater island development, overlooking the famed Abu Dhabi Corniche. The 600 rooms and suites property will feature, among others, a restaurant and café, meeting rooms and complete recreational areas including Bodylines health and fitness club and a swimming pool. Destined to become the focal point for tourism and recreation in Abu Dhabi, this area features an international marina and the capital's largest shopping centre, the Marina Mall. Luxury villas, apartments and an addition to the mall are also under development.

"National Investment Corporation's strategy is to partner the leading global and regional brands with the superb locations offered by a large portfolio of planned hotels. Rotana as an important regional operator with its headquarters in Abu Dhabi offers excellent brand awareness and unrivalled delivery and operational depth in the market," commented Abdullah Al Saadi, General Manager of National Investment Corporation – Member of the Board of Directors. 

Selim El Zyr, President  & CEO of Rotana said: "The agreement with National Investment Corporation is a great opportunity for us to deepen our well-established base in the Emirate and to partner with a leading Abu Dhabi based developer. The new Rotana property will compliment our existing operations and will give us a representation on some of the most exciting developments in the region. Rotana currently operates 25 properties throughout the Middle East with a further 36 properties under development. Today's announcement is a significant step toward fulfilling our aggressive growth strategy for the region and will increase our portfolio reaching 61 properties by 2012".