Aldar Properties implements government projects for the Emirate of Abu Dhabi

The Executive Council of the Emirate of Abu Dhabi has concluded an agreement with Aldar Properties to implement government capital projects in the emirate.

According to the Emirates News Agency, the decision was based on the recommendation of the Executive Committee of the Executive Council of the Emirate of Abu Dhabi to develop a framework for partnership between the public and private sectors to implement government capital projects in the emirate, And the Memorandum of Understanding that followed between Abu Dhabi Development Holding Company ADQ and Al Dar.

The framework includes the management of a group of major projects with a total value of 30 billion dirhams, including the Riyadh city project and the North Bani Yas project in addition to other projects in The Al Ain and Al Dhafra regions, which will collectively include upon completion of its development within five years more than 25,000 homes for citizens in addition to the associated infrastructure.

Aldar Real Estate will also undertake the administrative supervision of the projects of the Abu Dhabi General Services Company Musanada, which is currently implementing a group of major projects worth 10 billion dirhams in various fields such as education, healthcare and infrastructure. Infrastructure, social services and facility management.

It is expected that these important projects will have a positive impact supporting the growth of Abu Dhabi's economy in general, and the Aldar program to enhance local value added priority to local contractors, consultants and suppliers, including companies Small and medium enterprises, to work on these projects.

It is reported that the Development Projects Management Unit at Aldar is now managing a group of major infrastructure projects with a total value of 5 billion dirhams, after it obtained a contract from the Abu Dhabi government in The year 2019 included the Al Falah National Housing Project, the headquarters of the Abu Dhabi Media Zone on Yas Island, as well as the infrastructure development work on Saadiyat Island.