Abu Dhabi Municipality yesterday launched a $7.1 billion project to construct 347 high-rise towers expected to house over 50,000 people.
The Commercial Towers Project will be made up of five new mega-scale high-rise residential areas located in Mohammed bin Zayed City, a new development approximately the size of Manhattan currently under construction in the emirate.
Each of these ‘mini-cities’ will include amenities, including shopping streets, parks, restaurants, shaded walkways, underground parking and water features.
The project is being described as one of the most important developments launched by the municipality and is due for completion in the next five years.
Abu Dhabi is separately funding nearly AED 1 Billion ($242.4 million) for all infrastructure services and extensive landscaping.
Consultant KEO International has been appointed as program managers for the project.
KEO said binding design and construction guidelines would be issued to plot owners to ensure quality of design and construction and adherence to master plan requirements.
A pre-qualification process for consultants and contractors is expected to begin very soon.For all the latest construction 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.
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