GulfBase Live Support
Leave a message and our representative will contact you soon
22/09/2016 05:19 AST
The Executive Committee of the Executive Council, headed by Saeed Eid Al Ghafli, Chairman of the Executive Office, has approved a number of development and service projects in the Emirate of Abu Dhabi at cost of Dh700 million. The committee, during its meeting, approved awarding the project to develop the traditional market to contractors based on a Musataha agreement valued at Dh700 million, including infrastructure work.
The project is located at Khor Al Maqta near the Mussafah Bridge, and its architecture is inspired by Emirati heritage. Its location is especially important since it has historical significance, therefore linking the market to the region's traditions and customs. The market, which will be linked to a new tunnel, extends over 248,000m2 and 30 per cent of its space will be used for cultural activities.
The project to develop the traditional market was approved based on a Musataha agreement concluded with the private sector. It forms part of the approach adopted by the Abu Dhabi government to develop partnerships with the private sector, which it considers to be a vital sector and a key partner in the Emirate's continuous development and progress. This approach is confirmed by the Abu Dhabi Plan that aims, among other things, to create an active private sector and leading investment opportunities by reinforcing the role of the private sector and regulating PPPs. The Plan considers that the strengthening of such ties is a priority as it benefits both the private and the public sectors.
The committee also approved awarding maintenance work, restoration work, and additions to internal roads in Khalifa City, Shakhbut City, Al Raha Beach and Al Falah to contractors. The project is valued at Dh27 million and includes regular maintenance work for roads, traffic signs, pavements, asphalt, etc. It seeks to reduce faults and maintain the quality of roads and their infrastructure in the area.
It approved several procedures to manage and reduce traffic on Sheikh Zayed Road in the city of Abu Dhabi. These procedures include adding a new section at one of the intersections, expanding Al Dhafeer Street, providing parking spaces for broken down vehicles, developing a network of entrances and exists for the streets surrounding Al Bahr Towers, and prohibiting labor buses on all roads inside the Abu Dhabi island from 6:30am to 9:00am.
The committee approved the awarding of contracts to deviate the flow of wastewater in a number of pumping stations around the island to the strategic sewer tunnel after the stations are shut down. The project is valued at Dh33 million.
The committee approved a project to improve services linked to the water network in various parts of the city of Al Ain. The project includes the provision and installation of new domestic water meters, and the replacement of old connection lines and meters that serve 2,800 residential units. The project is valued at Dh26 million and seeks to improve water and electricity services provided to residents. It also approved the work plan included in the semi-annual performance report of the Abu Dhabi Plan programmes. The report aims at following-up on the execution of projects approved for each programme and includes a timeline, a budget, the project's quality and suggested solutions and recommendations.
Based on this work plan coordinating entities working on the Abu Dhabi Plan will regularly meet with contributing entities to follow-up on the performance of each entity's projects and programmes. A semi-annual performance report on the programme's status will be submitted to the Executive Council.
The Emirate's Plan is considered a translation and an updated reflection of the Emirate's general policy. It includes 25 objectives and 83 government programmes aimed at achieving Abu Dhabi's vision of continuing to build a confident and secure society and a sustainable, competitive and glob
Khaleej Times
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
SAMBA | 26.98 | 1,138,683 |
DARALARKAN | 13.47 | 74,648,349 |
05/04/2018
Saudi Arabia's Public Investment Fund (PIF) has signed an agreement with Six Flags to develop and design an amusement park in Riyadh. Six Flags, the world’s leading international amusement park compa
Arab News
05/04/2018
In an exclusive interview with Arab News, Turki Mohammed Al-Shehri explains how an expanding renewables industry will boost employment as well as pave the way for a greener future.
A massiv
Arab News
05/04/2018
Dubai’s residential property market continued to soften in the first three months of this year, in line with analysts’ forecasts, with rental values recording a more pronounced fall than sales prices
The National
05/04/2018
Buoyed by a strong oil price of $70 per barrel, Saudi Arabia’s Tadawul shot up by over 6 per cent in March 2018, according to Kuwait Financial Centre’s (Markaz’s) recently released Monthly Markets Re
Times of Oman
05/04/2018
Qatar banks’ combined credit facilities to real estate sector rose by QR17bn to QR147.7bn in 2017. The banks’ credit to various sectors stood at QR911bn at the end of 2017, up from QR839bn recorded i
The Peninsula