Reem Investments has announced plans to develop 25 per cent or 1.8 million sq m of Abu Dhabi's Reem Island involving an investment of around Dh20 billion ( $5.5 billion).

This island will encompass low and high-rise buildings, villas, retail and commercial offices apart from community services like schools, hospitals and mosques, backed by a highly sophisticated infrastructure of support systems.
Once complete, the island development project undertaken by Reem Investments is expected to house approximately 80,000 people. It will have the longest waterfront view, overlooking the city of Abu Dhabi with the closest proximity to the capital.
New initiatives and investments in the financial, industrial and real estate sectors are also expected to be announced by Reem Investments shortly, which has more than 30 prominent UAE-based institutions and private investors among its shareholders.