Excitement Builds as World Leader in Water Parks, WhiteWater, Visits Sunshine Coast Project

Sanad Capital ACTVE Sunshine Coast

ACTVE to create 2,000 direct and indirect jobs throughout the construction process adding $60 million per annum to the economy

Excitement continues to build as SANAD Capital, the developer of the Sunshine Coast’s soon to be best waterpark in Australia, codenamed ACTVE, forges ahead with its plans to launch bulk earthwork activities within the next few months.

“The ACTVE project is our first full design in Australia and we are thrilled, not only because of its size and scope, but because of the awesome new slides we’re planning to launch here,” said Geoff Chutter, President and CEO of WhiteWater.

Chutter was taken on a whirlwind tour of the Sunshine Coast by helicopter to see first-hand the landscape and communities surrounding ACTVE. This was followed by meetings with Councillor Rick Baberowski from the Sunshine Coast Regional Council, and Simon Latchford, CEO of Visit Sunshine Coast (VSC) to get a better understanding of the regional economy and future mega projects.

“The Sunshine Coast is fast becoming a beacon for domestic and international tourists looking for an environmentally and family friendly destination to spend their precious family holiday time,” Latchford noted. “VSC’s mission is to promote the Sunshine Coast region and showcase its many upcoming projects of which ACTVE is a shining example.”

WhiteWater is responsible for the world’s biggest and most exciting waterpark projects to date, including the Atlantis Resort and Wild Wadi Water Park in Dubai, China’s largest water park Yinji Xinmi, beautiful Vana Nava in Thailand and America’s newest Waterpark Typhoon Texas.

“The next few months will witness heightened activity on the ACTVE site where we have submitted initial documentation and will begin bulk earthworks as soon as we get approval,” said Bradley P Sutherland, CEO of SANAD Capital. “We look forward to creating over 2,000 direct and indirect jobs in the Sunshine Coast region throughout the construction process and adding $60 million per annum to the economy throughout the building phase.”

SANAD Capital has announced plans for phase 2 of ACTVE, which comprises a four star 200-room family hotel, to cater for the growing demand for quality hospitality services and amenities. The hotel will also come with a world class conferencing facilities targeting the Sunshine Coast’s business requirements and local community events.

-ENDS-

About SANAD Capital:

First conceptualised in 2015 and an offshoot of Dubai-based business group Najibi, SANAD Capital is a privately owned development and investment company. Located on Australia’s Sunshine Coast, the company intends to facilitate a diverse range of community-based and family-friendly projects, by tapping into significant reserves of capital, years of relevant experience and the know-how of its executives. SANAD Capital’s operations and business services span project funding, private equity, pre-IPO capital and joint ventures, and its areas of expertise include real estate development, as well as the technology, tourism, retail and energy sectors.

www.sanadcapital.com.au

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