Abu Dhabi Investment House (ADIH) recently acquired 600,000 square feet of land on Amwaj island from Bahrain-based Ossis Property Developers, according to Gulf News.
ADIH will use the land to develop the ‘Lagoon’ project, to be completed by 2007.
Ossis Property is the master developers of the $1.5 billion property comprising a string of artificial islands.
