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$400m 'active lifestyle' park to rise on Sunshine Coast


Posted by Monica Gameng

Dubai-based business conglomerate Najibi Group has recently unveiled its plans to develop a $400 million ‘active lifestyle’ park on the Sunshine Coast. The design for this development was inspired by different tourist hotspots from across Asia. This project is going to be overseen by Najibi Group’s Australian venture company, Sanad Capital.

Though the project has not yet been named, it does have the preliminary approval from the Sunshine Coast Council. Further details about the project is expected to be released late in 2016 and construction to commence by 2017.

ACTV-Sketch-Riverwalk-20160513banner.jpgArtist impression of the 'active lifestyle' park (source: Sanad Capital)

“The development is set to become an unparalleled, unprecedented tourist hub. Influenced by major action sports projects, water parks and entertainment hubs across Asia, it will serve up a memorable, family-friendly experience to locals as well as tourists,” Sanad Capital’s Chief Executive Bradley P. Sutherland said.

An economic benefits and analysis report from Brisbane-based firm, Urban Economics, states that this up and coming tourist attraction will boost the local economy. The report also states that at least 2,000 direct and indirect jobs are expected to be created during the construction phase. This project will also be able to generate a further $29 million in salaries and wages annually once the development is completed.

According to Urban Economics’ report, the project will add up to $260 million into the State’s local economy during construction as well as $30 million annually once the development is operational.

ACTV-Sketch-Tower-1920x603-1.jpgArtist impression of the 'active lifestyle' park (source: Sanad Capital)

“We feel this is the right time to invest in Australia. The Sunshine Coast is rife with opportunities, and we are confident that this project will be extremely successful,” Najibi Group Executive Chairman Talal Y. Najibi said.

The development will include the world’s first ‘wave reservoir’, a world-class waterpark, water sports facilities, a sports centre, an events venue and a hotel with retail and restaurant outlets.

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Source: InterPark, Hotel Online and Splash Magazine AU

Monica Gameng

Monica Gameng

As PlantMiner's Marketing Assistant since 2015, Monica is responsible for researching and sharing new and progressing projects within the construction and mining sectors in Australia. It's no surprise that Monica has her finger on the pulse of Australian major projects given she has produced more than 1000 posts. She truly is an industry expert. Monica's passion for educating and inspiring readers saw the PlantMiner blog recognised by Feedspot as one of the Best Australian Construction Blogs in 2018 and 2019. PlantMiner is Australia's largest online construction marketplace. Sign up as a vendor to find and engage with civil and commercial contractors across Australia. Alternatively, if you're looking for plant and equipment you can compare equipment and subcontractor quotes from vendors near you in just a few steps.