Abu Dhabi chases private investors for community projects

Municipality launches tenders to invite investors to develop, operate network of retail, community centres
Abu Dhabi chases private investors for community projects
A general view of Abu Dhabi. (For illustrative purposes only)
By Andy Sambidge
Sat 26 Oct 2013 10:19 AM

Abu Dhabi Municipality has announced the launch of tenders which invite private sector investors to develop and operate a strategic network of new community centre projects in the UAE capital.

The tender process is the latest in a series of community centre development projects that the Municipality is rolling out across a range of Abu Dhabi neighbourhoods and districts that will be delivered in partnership with the private sector using a build-operate-transfer (BOT) model.

In a statement, the municipality said the four community centres would "offer encouraging returns on investment".

The new community centres will feature restaurants, cafes and retail outlets alongside Government service counters and community service centres.

They will form an integral part of the communities where they will be located in Al Wathba, Al Rahba, Al Falah and Mohammed bin Zayed City, the statement added.

The three neighbourhood community centres in Al Wathba, Al Rahba and Al Falah will have a built up area of approximately 13,000 sq m, while the district community centre in Mohammed bin Zayed City will have a built up area of 25,000 sq m with an option to develop and integrate the neighbouring outdoor park.

"Our aim is to deliver projects that will enhance Abu Dhabi's districts while fitting in seamlessly alongside existing and planned developments," said Rashed Bin Ali Al Omaira, advisor investments and assets for the general manager's office at Abu Dhabi Municipality.

"The community centre tenders provide an exciting opportunity for the private sector to help deliver first class community projects that offer a sustainable return on investment and play a major role in enhancing the lives of residents and visitors alike"

He said community services will comprise facilities such as a library, learning centre, customer services counters, crèches or nurseries and a health club.

Each community centre will be pedestrian-oriented and where possible be will be linked to mosque facilities.

Using a BOT model, approved developers will be granted rights to utilise Municipality land through a musataha agreement for a period of 30 years to develop and operate the community centres.

For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.