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FinancialNews


  • 24-01-12

    Abu Dhabi council approves new development projects

    (MENAFN) Abu Dhabi gave the green light for a number of major development projects in the real estate, healthcare, transport and education sectors, WAM reported. The capital's executive council approved plans for construction, renovation and infrastructure projects in Liwa, Ghayathi, Al Hayer, Al-Shuaib, Bida Al Mutawaa, Mazyed, Um Ghafa, Nema, Al Salamat Umm Alashtan and Alybanh. The projects include North Wathba project, considered one of the largest residential projects to have been approved to date, covering 4,178 hectares area, and will provide 13,150 new residential units. The budget for infrastructure works for Khalifa Port and the development of Khalifa Industrial Zone (KIZAD) was also approved by the council, expected to start operations in September. The council also Okayed project to build terminal facilities at Abu Dhabi International Airport, which is aimed at handling 27 million passengers a year, scheduled for completion in the fourth quarter of 2016. The infrastructure projects approved also include the design of a metro and tram system to help reduce traffic congestion in Abu Dhabi, in addition to two new major road projects. Fourteen new healthcare facilities and a world-class rehabilitation centre were also given the green light, as part of the government's strategy to improve health services in the emirate. Two new industrial zones in the Western Region and the establishment of 24 new schools, and the refurbishment of 10 others were also approved.

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