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The Yas Island


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The valuation of yas island, abu dhabi & the ferrari theme park

Published in: Economy & Finance
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The Yas Island

  1. 1. The Ferrari Theme Park<br />The Yas Island<br />Project Finance<br />
  2. 2. Yas Island occupies a total land area of 2,500 hectares<br />1,700 hectares is claimed for development<br />Island will feature attractions such as a world-class motor sports racetrack, signature hotels, the Ferrari theme park, Water Park, and the Abu Dhabi destination retail development of 300,000 sq m retail area<br />Unique International tourist destination expected to complete by 2014<br />The Yas Island<br />
  3. 3. Work on Yas Marina Circuit began in February 2007, and has included:<br />Employing a workforce of 14,000<br />Investing 35 million man hours<br />Shifting 1.6 million cubic meters of earthwork<br />Laying 720,000 square meters of asphalt<br />Pouring 225,000 cubic meters of concrete<br />Installing 30 kilometres of special electronic ducts<br />Installing 25 kilometres of electrical cabling<br />Installing 17 kilometres of drainage<br />Installing 22 kilometres of irrigation piping<br />Landscaping 430,000 square meters of ground<br />Planting 5,000 trees<br />Setting 40 kilometres of curb-stones<br />Yas-Marina Circuit<br />
  4. 4. Outlook<br />
  5. 5. Project Valued at USD 100+ billion<br />Categorized sector: Real Estate | Leisure & Entertainment<br />Financing Sources: Abu Dhabi Ministry of Presidential affairs, Abu Dhabi Investment Authority, BNP Paribas, Mashreq Bank, and HSBC are the project financiers.<br />Value & Financing<br />
  6. 6. A project of records<br />The largest indoor theme park and housing the fastest roller coaster in the world it is also the largest standing seam metal roof in the world<br />The roof only is over 200.000 m2 whereas the total project volume including aluminum façade covering is approximately 300.000 m2. The equivalent of 50 football pitches!<br />The Ferrari Theme Park<br />
  7. 7. Outlook<br />
  8. 8. Project Valued at USD 40 billion<br />Categorized sector: Leisure & Entertainment<br />Financing Sources: BNP Paribas, Mashreq Bank, and HSBC are the project financiers.<br />Value & Financing<br />
  9. 9. Investment Break-up<br />
  10. 10. Started in 2006 the project called in for a AED 1,452.3 million<br />Net asset value moved by 99% to AED 1,566.6 million in a 12-months period of time<br />Developments under construction increased in value by 175.3 percent to AED 22,934.3 million from AED 8,332.0 million at end 2007<br />Finance structure<br />
  11. 11. Post MoU of NIB & Aldar and Sorouh real estate in 2008, 90% of financing to YAS was done by NIB<br />By mid-2009, the ferrari theme park was up & running<br />The value of developments under construction increased by 119.2% to AED 18,260.1 million (2008: AED 8,332 million)<br />Finance Structure<br />
  12. 12. Thank You<br />