Thursday, 01 June 2017 00:00

Abu Dhabi City Municipality (ADM) and Capital Investment LLC have signed a build-operate-transfer or ‘Musataha’ contract for the rehabilitation of the HH Sheikha Fatima bin Mubarak Park, formerly known as Al Khaldiya Park for Women.

The park covers a total area of 4.6ha, with 2.4h of green area. Its redevelopment is expected to cost $25.5 million, according to a news statement. 

ADM said the redevelopment operation is aimed at integrating the park with community and commercial facilities which will cover an area of 6,900sqm. The contract's scope includes initial preparations, site levelling, demolition, protection of utility lines and transportation.

Construction works will be carried out for playgrounds, a mosque, a cultural square, an events' space, an outdoor market, outdoor cafes, retail arcades, outdoor theatres, a butterfly garden and a fitness centre among others. 

Meanwhile, main construction works have begun at the Soho Square in Saadiyat Island, its developers Bloom Properties has announced.

The company has appointed UAE-based Emirates Link Maltauro to carry out the main works of the urban development.

Taking shape in Abu Dhabi’s university neighbourhood, Soho Square is the second mixed-use development by Bloom Properties on Saadiyat and encompasses world-class residential, retail and commercial spaces. Located in proximity to the New York University Abu Dhabi campus and major upcoming tourist attractions, the project has been a big draw for investors looking for solid returns on their investments and long-term capital appreciation.


The project includes housing for Emiratis in a sustainable community as part of the wider Abu Dhabi Plan 2030, with a range of amenities and public access to the beach, according to a report in The National.

The narrow, 3,000-hectare island will have waterfront developments on all sides and the beach will be a 10-minute walk from any point, the report added.

The land will be "significantly expanded to the south and cut through by canals, with a transition to mangroves along its outer edges", the master plan states.

The northern side will be connected by a bridge near Arzanah, a community being developed by Capitala around Sheikh Zayed Stadium. This will be developed by the Department of Presidential Affairs while the Tourism Development and Investment Company is overseeing construction of a $50 million bridge to the island. 

UAE-based consulting firm Dar Al Omran submitted a master plan for the project in 2008 as part of a design competition. The construction cost was estimated at $1.7 trillion. The concept master plan is expected to complete by the end of 2017.

Source : https://www.thebig5hub.com/news/2017/may/abu-dhabi-signs-multiple-construction-deals



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