Abu Dhabi: Abu Dhabi Municipality and Bin Butti International Holding will construct community markets in Al Nahda Al Askaria and Al Samha cities of the capital at a cost of Dh86 million, the municipality said on Saturday.
Both community markets will be ready for residents before February 2020. Upon completion, markets will offer high-class shopping services and contribute to improving the quality of living in the two areas.
As per the agreement, Bin Butti International Holding will invest in, design, build and operate the two community markets. Al Nahda project will be built in an area of 11,818 square metres at a cost of Dh47 million, while Al Samha market will be constructed in an area of 10,432 square metres at a cost of Dh38.5 million.
Saif Badr Al Qubaisi, general manager of Abu Dhabi City Municipality, and Nasser Butti Bin Omair Al Muhairi, CEO of Bin Butti International Holding, signed an agreement to construct and manage the two community markets.
Al Qubaisi said the projects aim to provide modern and integrated services of world-class standards in a way that realises the Abu Dhabi Government’s vision and its comprehensive development plan.
“These projects would constitute a solid and stable ground heralding more facilities capable of bringing happiness and ensuring well-being for the whole populace,” he said.
Al Muhairi said, “We are proud to partner with Abu Dhabi Government’s institutions in such vital projects including this one.”
The key objectives of constructing such community markets in residential areas are to raise the standard of living and provide best-in-class services to residents.
It involves the provision of service facilities, proper and quality retail outlets, and community centres that measure up to the expectations of residents, Jasem Al Daheri, director of the Investment Office at the municipality, said.
The markets will have retail outlets, community facilities and government services for residential communities and strategic partners.
