Aldar Properties wins US$1.36bn government contracts in Abu Dhabi

Aldar GOV 2Multiple Abu Dhabi government entities have partnered with Aldar Properties to deliver social, economic and infrastructure projects worth US$1.36bn across a number of major destinations in the emirate

Contractors will be appointed to commence works on Saadiyat Island, Yas Island and in Al Falah, which house some of the capital’s most thriving residential communities and commercial destinations.

The initiative is in line with the vision of Abu Dhabi to become one of the best places in the world to do business, invest, work, live and visit.

Developing Saadiyat Island

The Abu Dhabi government has appointed Aldar Properties to complete the remaining infrastructure and public realm works on Saadiyat Island worth US$540mn. The project is set to facilitate further integration of Saadiyat Island into the broader Abu Dhabi metropolitan area with the construction of roads and utilities with an aim to ensure Saadiyat Island is equipped with the best infrastructure attracting further investments in Abu Dhabi.

Developing Al Falah

Aldar Properties has been appointed by the Abu Dhabi Housing Authority to develop the expansion of Al Falah, a master-planned community developed for the UAE nationals. The project will add an additional 899 villas to the existing stock of 4,898 with a total development value of US$540mn.

Developing twofour54 campus

The twofour54 Abu Dhabi awarded Aldar Properties a US$270mn contract to develop their campus located on Yas Island. This new development aims to bring a working population of 10,000 to the island and set to play a major role in encouraging further investment into the UAE’s thriving media and entertainment industry.

Aldar Properties has announced to appoint contractors for three projects immediately to ensure that works commence with phased completions starting as early as 2021.

In September 2018, the Abu Dhabi government outlined details of its accelerator programme Ghadan 21, a three-year programme driving economic development, innovation, ease of doing business and livability in the UAE capital. One of the main tenets of the programme is to develop infrastructure, including transportation, communication and urban development.

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