ABU DHABI 17 April, 2017: Abu Dhabi City Municipality (ADM) and Desert General Transport and Clearance Co. have signed a deal – Musataha Agreement – under which the company will design, build and invest a community market project in Mohamed bin Zayed City, Abu Dhabi, at cost Dh172 million.
Musabbah Mubarak Al Murar, Acting General Manager of Abu Dhabi City Municipality, said, “Abu Dhabi City Municipality is moving ahead with a portfolio of projects aimed at upgrading service facilities with the aim of bringing happiness and living welfare to residents through offering public service outlets at the highest standards.
“The series of seven community markets the ADM intends to construct in partnership with the private sector are capable of bringing about an advanced pattern of improved civilised services. It also rolls out new concepts of entertainment & shopping in a stylish, healthy environment characterised by comfortable and happier living experience for community members,” commented Al Murar.
The development of the Community Market at Mohammed bin Zayed City takes about two years. The market will have a floor area of about 36,000 square metres and will be built costing AED172 million.
PPP Venture
The Community Market articulates a new concept in investment and shared benefits with the private sector. It also fits well with an array of development & investment projects aimed at upgrading municipal assets in a host of tourist, recreational, service and commercial fields. Such a partnership is reflected in the designing & constructing these projects as well as their operation and investment.
The project also ensures the investing public areas in the building of a superb project like the community markets. Once completed, these markets will turn into a brilliant service & shopping facility built to the highest standards, thus contributing to the improved living style of the neighbourhood.
By Rajive Singh