JANUARY 10, 2008
TREVI Group, through its subsidiary Swissboring Overseas Piling Corporation, has won a contract in Abu Dhabi for the foundations of the “Ferrari Experience”. The joint project, between the Italian group, Ferrari, and ALDAR Properties PJSC, involves the construction of a Formula 1 racing circuit and a “Ferrari Experience” theme park (circa 250,000 sqm of which 80,000 sqm indoor).
It will include logistic, recreational and commercial buildings inspired by the Ferrari brand. It will be a truly extraordinary oasis, rich in adventure, hospitality and beauty, which will embrace the culture and true spirit of Italy, as well as the legendary automotive history, passion and tradition of Ferrari GT and F1 cars. The theme park should be completed by November 2009.
The foundation works, expected to be completed by mid-2008, will comprise a diaphragm 2.2 kms long for the circuit and foundation piles for the theme park. The foundations built by TREVI Group confirm the Made in Italy technological quality of the project and the level of excellence reached by Swissboring, which has completed over 7,500 special foundation engineering projects.
TREVI Group’s presence in this geographical area is strategic, also given the ambitious urban development project, “Plan Abu Dhabi 2030”, launched by the local government in September 2007. Davide Trevisani, Chairman and Managing Director of Gruppo TREVI stated, “ The United Arab Emirates is one of the most important geographical areas of interest for the Trevi group and it expects growth of 25% in its special foundation business in the region in 2008”. Mr Trevisani also commented that the 2007 results of Gruppo Trevi will be better than market expectations both for total consolidated revenues and profit after tax. Business activity in the last months of the financial period continued to grow. At the same time, new order inflow has been excellent in all the major markets in which the Group is present. This indicates that growth in 2008 will be similar to that of 2007, both in the infrastructure and the energy sectors.
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