Musataha deal inked for $25m Abu Dhabi park
Rehabilitation works contracted for the 4.6ha HH Sheikha Fatima bin Mubarak Park include initial preparation, site levelling, demolition, and construction
A Musataha (build-operate-transfer) contract has been signed between Abu Dhabi City Municipality (ADM) and Capital Investment LLC for the rehabilitation of the emirate's HH Sheikha Fatima bin Mubarak Park, formerly known as Al Khaldiya Park for Women.
The park spans an area of 4.6ha – of which 2.4ha is covered by greenery – and its redevelopment is expected to cost $25.5m (AED94m).
ADM said the redevelopment operation is aimed at integrating the park with community and commercial components spanning 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 other components.
Remarking on the project, HE Musabbah Mubarak Al Murar, acting general manager of ADM, said: "[We are] keen on developing infrastructure [...] in line with the aspirations of community members.
"Such endeavours also conform to the objectives of sustainable development in Abu Dhabi and [will help] realise Abu Dhabi Plan 2030," Al Murar added.