Monday, 24 April 2017 00:00

The Department of Municipal Affairs and Transport, represented in the Municipality of the Dhafra Municipality, signed an investment agreement worth $60.44 million to develop the central market in Madinat Zayed in the Dhafra Region.

The 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.

Al Mazrouei said that the two projects would meet all the needs of the residents and would help reduce long-distance travel for shopping and entertainment. They would also contribute to tourism and the shopping diversity in the Al Dhafra Region, while increasing employment opportunities, income and investment in the area, he added.

Source: https://www.thebig5hub.com/news/2017/april/abu-dhabi-government-signs-604-million-deal-for-new-central-market/

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