Abu Dhabi To Build $654 Million Louvre

Abu Dhabi To Build $654 Million Louvre
News
Like Us On Facebook
Like Us On Facebook

A consortium led by Dubai-based Arabtec Holding will build the Louvre Abu Dhabi art gallery for $654 million, the developers of the project announced on Tuesday.

Abu Dhabi Tourism Development and Investment Company said construction would start immediately with the aim of opening the museum in 2015.

The contract was awarded to an Arabtec-led joint venture with Spanish company Constructora San Jose SA and Oger Abu Dhabi LLC “following a competitive tendering process,” it said in a statement.

“The contract, valued at 2.4 billion dirhams (around $654 million), signifies a major milestone in the progress of the Louvre Abu Dhabi,” it added.

Abu Dhabi has paid around $1.3 billion to use the Louvre name for 30 years and to tap the renowned Paris museum for artworks and expertise during this period.

The deal had stirred a debate in the French art world with critics saying the Louvre is selling its soul as they question Abu Dhabi’s treatment of dissidents and immigrant workers employed in the construction of the project.

The Abu Dhabi Louvre building has been designed by French architect Jean Nouvel.

Preston Waters | Elite. 

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Preston Waters

Preston Waters is a thinker. He's not your traditional philosophical persona, however, as he leaves no topic untouched. Covering all the bases, from business to women, Preston Waters is the ultimate man's man for Gen-Y.

More In News

World Sean Levinson

Malaysia Airlines Made The Worst Mistake Ever By Launching A ‘Bucket List’ Competition

Malaysia Airlines managed to make a complete fool out of itself while simultaneously terrifying potential customers in its latest marketing tactic. According to Time, the world’s unluckiest airline launched a competition in Australia and New Zealand last week giving away free economy-class tickets and iPads. The competition was called “My Ultimate Bucket List,” and contestants […]

Also On Elite

World

Mother Brutally Tries Removing Her Children’s Tattoos With A Hot Razor Blade

One woman was arrested for child abuse after trying to remove her children’s tattoos with a hot razor blade. Melissa Delp, 35, pleaded guilty to child abuse and was sentenced to eight years in jail after attempting to cut off her two daughter’s tattoos in Campbell County, Virginia. The situation started when Alexander Edward, the […]

World

This Could Be A First-Hand Account Of The Michael Brown Shooting (Graphic)

While this information has not been confirmed, it appears that someone may have tweeted the Michael Brown shooting as it happened. Tim Dickinson, a reporter for Rolling Stone, created a timeline of the tweets, which began with “I JUST SAW SOMEONE DIE OMFG.” The tweeter, under the handle @TheePharoah, reportedly lives on the street where […]

Humor

Confident Magician Tries Selling Weed To A Cop Before Making It Disappear (Video)

On Life After Death, The Notorious B.I.G. lists the “Ten Crack Commandments” — a set of rules to ensure that any drug-selling operation you might find yourself in charge of runs as smoothly as possible. “Don’t sell drugs to uniformed police officers” wasn’t one of the things mentioned by the late hip-hop legend, and I’m […]

Gentlemen

8 Signs You’ve Found The Woman You Should Make Your Wife

Women – you can’t live with them; you can’t live without them. Although a catchy aphorism, it’s rather useless. If you can’t live with a woman or without her, then you’re basically screwed. Fortunately, it is most definitely possible to form a bond with a lover strong enough to last a lifetime. The real trick […]