Abu Dhabi Executive Council has approved a capital projects framework between Abu Dhabi Government and Aldar Properties, which includes management of AED30 billion worth of major projects, including Riyadh City, Baniyas North, and developments in the Al Ain and Al Dhafra regions.
In addition, Aldar will provide management oversight of AED 10 billion worth of Musanada’s projects in education, healthcare, infrastructure, social services, and facilities management.
The decision follows the recommendation of the Abu Dhabi Executive Committee to establish a public-private partnership plan for the development of capital projects in the emirate.
Together the projects will deliver approximately 25,000 homes for UAE Nationals as well as associated infrastructure over the next five years.
Photo Credit: Aldar Properties