Abu Dhabi government signs $60.4 million deal for new central market

April 20, 2017

undefinedThe project will be developed in co-operation and partnership with the private sector, based on the Build, Operate, Transfer (BOT) model, officials say.

Eng. Atiq Khamis Al Mazrouei, Acting Director-General of the Al Dhafra Municipality, revealed to the media that the project for developing the central market was awarded to a local development company, aimed towards renovating the existing building and adding new buildings within the project’s land.

The Al Dhafra Municipality and the developer will provide an alternative to shop owners in the current market within the new developmental proposition.

The project will include two floors, with the ground floor housing a hypermarket, retail stores, commercial stores and entertainment facilities.

Besides the central market project, Al Dhafra Municipality will also review the plans for establishing, investing, managing and operating a market for vegetables, fruit, meat and fish at the Ghayathi City with a developmental value worth $9.18 million. The project will cover an area of 17,252 sqm.

Source: WAM

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