Abu Dhabi to build slipways, community market

Abu Dhabi City Municipality has signed two agreements with Emak Investment Group for the construction of two slipways for boats at Al Bahya and Al Sadr areas of the emirate, said a report. A third agreement was signed with Corner Stone Property Management for building a community market at Al Raha Parks, reported state news agency Wam. The total cost of all the three projects has been put at Dh60 million ($16.3 million) and is due for completion by 2023. These projects are being constructed on the BOT (build, operate, transfer) model and the Musataha base, with an investment period extending to 20 years, stated the report. The community needed a slipway for their boats and ski jets in Abu Dhabi city. The project includes dry docks for boats, marina, supporting retail outlets and a four-star hotel to enhance the experience of sea cruisers, at the same time generating a source of sustainable income for the project, it added. The community market project will come up over an area of 2,700 sq m in Khalifa City at an estimated cost of Dh15 million ($4.08 million). It will boast retail outlets, community facilities and government service facilities for the residents.