Baku White City projects among winners of MIPIM Asia Awards 2011
Baku, September 20 (AZERTAC). MIPIM Asia, the world`s property market in Asia Pacific, announced the winners for the sixth edition of its Awards competition, which honors outstanding real estate projects in the Asia Pacific region.
The international jury, chaired by Dr. Ngee Huat SEEK, Board Director, Government of Singapore Investment Corporation (GIC) Real Estate, Singapore, met in Hong Kong, September 9, to examine the 80 projects from 15 countries that entered this year`s awards.
China, Singapore and India dominated the list of entries with respectively 29, 15 and 12 projects. Submissions also covered Australia, Azerbaijan, Honk Kong, Indonesia, Japan, Malaysia, Russia, South Korea, Taiwan, Thailand, United Arab Emirates and Vietnam.
The MIPIM Asia Awards jury selected 29 winners in 10 distinct categories. The Azerbaijan`s Baku White City project was recognized a winner in the Central & Western Asia Futura Projects category. Another winner in this category is Northern Caucasus Resorts, the world`s largest tourism project, developed by OJSC Northern Caucasus Resorts, Russia.
The Baku White City project is developed by the order of the Executive Administration of Baku City is designed to create the new and modern centre of the capital city.
The Baku White City master plan envisages the creation of 10 universal urban districts with each of them to offer its residents the best living, working, recreation and entertainment conditions. In accordance with the order of the Executive Administration of Baku City it is planned to rearrange and expand the Boulevard, the gem of Baku that is situated right in the centre of the Baku Bay. The Oilers` Avenue, one of the most favourite streets of the people of Baku that runs along the Boulevard, will be made longer as well.
The modern centre of Baku will be different, thanks also to the new city transportation system. For instance, it is planned to build a new Underground station that will give access right to the central square of Baku White City; it is also in the plan to expand the bus route grid and to run a tram line along the whole coast.
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