Home Construction UAE - Abu Dhabi government awards contracts worth Dhs5bn to Aldar

UAE – Abu Dhabi government awards contracts worth Dhs5bn to Aldar

UAE’s Abu Dhabi government has assigned developer Aldar to undertake social, economic and infrastructure projects worth Dhs5bn across the emirate, it was revealed on Wednesday. Aldar was awarded the contract for the project in 2017.
A contract worth Dhs2bn has been grant to complete the left infrastructure and public realm works on Saadiyat Island. The project will facilitate further integration of Saadiyat Island into the broader Abu Dhabi metropolitan zone with the construction of roads and utilities.
This will ensure Saadiyat Island is furnished with the best infrastructure attracting further investments, a statement said.
Existing cultural and educational landmarks on the island comprise Louvre Abu Dhabi, New York University Abu Dhabi, Cranleigh Abu Dhabi, a number of beach resorts, and several residential communities.
Aldar has also been selected by the Abu Dhabi Housing Authority to develop the expansion of Al Falah, a master-planned community developed for UAE nationals.
The project will add an additional 899 villas to the existing stock of 4,898 with a total development value of Dhs2bn.
A third contract worth Dhs1bn has been assigned by twofour54 to develop their new campus on Yas Island.
Set to cover an initial gross floor area of 95,000 square meters, the new development will feature offices, TV studios, and retail. It will be delivered via a build-operate-transfer structure.
The first phase of the new Freezone aims to attract 10,000 professionals from the media sector.
Three-year program from 2019 to 2021 includes a Dhs50bn fund that is being invested across four strategic pillars – economic, knowledge, liveability, and social.
One of the key theories of the program is to develop infrastructure, including transportation, communication, and urban development.

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