Municipality to invest $680m for Dubai markets
The Municipality manages about 5,000 shops, warehouses, and cafeterias in 14 different markets in the emirate, constructed at a cost of more than $272m (AED1bn)
The Dubai Municipality is currently undertaking the construction of many markets and commercial complexes, expansion and maintenance of some existing ones, and establishment of new markets at a total cost of $680m (AED2.5bn), said Eng Hussein Nasser Lootah, director general of Dubai Municipality.
These projects are expected to contribute to the revitalisation of economic activity in Dubai.
He explained that the Municipality manages about 5,000 shops, warehouses, and cafeterias in 14 different markets in the emirate, constructed at a cost of more than $272m (AED1bn).
“These facilities are leased for economic activities in these markets, which include the Trucks and Heavy Equipment Market and the Trucks and Heavy Equipment Spare Parts Market in Ruwayyah-3, Central Fruits and Vegetables Market in Warsan, Used Car Market in Al Aweer, Birds and Pets Market in Warsan-3, Camel Market in Al Lisaili, Cattle Market in Al Qusais, the textile markets in Nayef, Al Fahidi, and the Traditional Market in Al Hamriya.
“Dubai Municipality has undertaken a project to develop the Central Fruits and Vegetables Market at an estimated cost of $136m (AED500m), and the establishment of a multi-storey cold storage for vegetables and fruits involving 56 stores at an estimated cost of $43.5m (AED160m). This project will contribute towards increasing the storage capacity of vegetables and fruits and will meet the growing demand for cold storages by the market traders.”
Lootah said contract has also been signed, according to BOT system, with a qualified company with a lot of experience, to build, manage, and operate a truck and heavy equipment washing station within the truck market in accordance with the best international standards. This station will provide washing, lubrication, oil and tire change services for trucks and heavy equipment in a fast, easy way, in addition to providing technical inspection services and registration.
He said a qualified investor also has been attracted to establish an auction centre within the truck market in accordance with the best international standards to provide services at the local, regional and global level.
He continued: “The Municipality is currently constructing a specialised market in the field of building materials in Warsan-3 at a cost of $26m (AED96m), which is 95% complete. Another market in the field of furniture, electrical equipments, and household appliances at Nadd Al Sheba at a cost of $21m (AED76.8m) is 90 % complete and we are currently communicating with furniture and construction materials companies with well-known brands to open their branches in the market. These markets are expected to provide services to the community in the first quarter of 2017.”
Eng Juma Al Fuqae, director of assets management department at the Municipality, explained that the investment map of markets (2017-2021) has been prepared and they will be funded either by the Municipality budget or by attracting investors from private sector.
"Meetings have already been organised with the companies in the Trucks Market, Fahidi Souq, the Traditional Market, as well as the Birds Market. Visits to other markets will be completed soon. A detailed development plan for revitalizing these markets have been drawn, which will include many aspects such as placing sign boards on the main roads pointing towards these markets in cooperation with the RTA. In addition, maintenance activities will be carried out in cooperation with the Maintenance Department for the lights in the market and the internal roads, external fences, and green patches.”