Bin Butti to build $24m community markets in Abu Dhabi
The project will cost $23.5m (AED86m) for both community markets
Abu Dhabi Municipality, in cooperation with Bin Butti International Holding, will construct two new community markets in Abu Dhabi at a project cost of $23.5m (AED86m).
HE Saif Bader Al Qubaisi, general manager of Abu Dhabi City Municipality, and HE Nasser Butti bin Omair Al Muhairi, CEO of Bin Butti International Holding, signed the Mustataha agreement to construct and manage two community markets at Al Nahda and Samaha cities.
According to the agreement, Bin Butti International Holding will design, build, operate and invest in both projects.
Al Qubaisi said the projects are part of several developments and investment projects aimed to utilise the municipality's assets in tourism, recreational, service and commercial sectors.
“The projects reflects the Abu Dhabi Government's vision to consolidate the integration and cooperation with the private sector, especially in terms of advancing the comprehensive development drive, renovating public facilities and introducing new projects to meet the needs of the community,” he said.
Al Qubaisi added that the municipality will further undertake entertainment and service projects to be developed through the PPP model.