SANAD Capital Eyes Sunshine Coast for $400 Million Tourist Destination and Action Sports Precinct
Recently formed Sunshine Coast company SANAD CAPITAL Pty Ltd has just announced its first Australian venture, with the support of Najibi, a leading Dubai-based investment group. The AUD400 million project is aimed to inspire new standards in the ‘active sports’ theme park industry on the Sunshine Coast.
The project is yet to be named but has the preliminary approval of the Sunshine Coast Council. It is set to provide a community lifestyle and tourism hub, never seen before in Australia. Influenced by major global action sports projects in Dubai and elsewhere around the world, the Sunshine Coast venture will wow outdoors and action sports enthusiasts, in a natural, healthy environment that enables families to reconnect and spend quality time together.
Sunshine Coast based CEO of SANAD Capital, Bradley P. Sutherland says, “We are creating a lifestyle, an outdoors haven which sunny coasters can enjoy at their disposal. We have the best year-round climate in the world, so we intend to make full use of that.The project will bring employment opportunities for the young which could lower the above average youth employment figure of 8.9% in the area, with 2000 direct and indirect jobs throughout construction, and a further $29 million annually in salaries and wages when complete.
SANAD Capital is led by founder and CEO Bradley P. Sutherland, a Queenslander returning home after 21 years in Dubai where he spent his time building a diverse range of special projects and investment ventures.
“One of our primary objectives is to boost tourism and generate jobs. We want to shed light on our beautiful environment here on the Sunshine Coast, our unique lifestyle and home grown resources and talent,” said Sutherland.
Following his international success, Sutherland teamed up with his brother Greg and long-time friend David Baird, to fulfill a lifelong dream of seeing more community-centric ventures flourish on home soil.
“Essentially, we’re looking to support economic growth on a community level within the region by delivering unique projects and brands,” he adds.
More details on the master development will be released later this year and construction is planned to start in 2017.
For further information go to www.sanadcapital.com.au