BBM of Malaysia, Al Rayan Investment Company of Al Ain and The National Real Estate company of Abu Dhabi have been asked to implement Abu Dhabi's Dh35 billion ($9.5 billion) Abu Shaoum Island project, said a report.

The project will be implemented in different phases with the first phase scheduled to commence during the first half of 2005.
The Island project will include the 'Emirates Pearl', a modern city to be developed by BBM International. It will include hotels, hospitals, schools, universities and family recreation facilities.
The Emirates Pearl project will be a landmark in the region and will host a number of sophisticated buildings with creative architectural designs.
The new developments will also include advanced residential projects, business centres, tourist resorts and family recreational facilities.
The project will create five million square metres of additional constructed area.