Abu Dhabi’s Executive Council has approved an array of development projects in collaboration with the private sector worth a total of AED470 million ($127 million).
At its latest meeting, the Council’s Executive Committee approved a project to develop two community markets in Mohamed bin Zayed and Shakhbut, in deals with private operators worth AED195 million and AED182 million respectively.
The plan is part of a strategy to develop a network of community markets operated by the private sector in the city of Abu Dhabi, including 38 locations that cover the main land and the islands.
The markets would be divided into three section to include social facilities, shops and government services, a statement said.
The Committee also approved a project to develop the Sheikha Fatima bint Mubarak Park through an agreement signed with the private sector worth AED93 million.
The project aims at redeveloping and improving the currently fenced park to turn it into an open entertainment park. The plan will include launching social events and activities, and commercial facilities at the park, which extends over 6,900 sq m, the statement added.
Developers will undertake construction work and operations in exchange for the right to use the land for 32 years, owned by the Municipality of Abu Dhabi City.
The Committee lso approved the referral of a roads and infrastructure project aimed at creating 104 housing units in Al Maqta, valued at AED112 million.
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