Al Resala Investment and Property Development have signed the Musataha Agreement with Abu Dhabi City Municipality on April 10, 2017, under which Al Resala will design, build and invest a community market project in Baniyas.
In photo: HE Musabbah Mubarak Al Murar, Acting General Manager of Abu Dhabi City Municipality (ADM) and HE Saeed Khalfan Matar Al Romaithi, Chairman and Managing Director of Al Resala Investment and Development Property signing the Musataha Agreement.
The said community market project reflects Abu Dhabi Government’s vision to establish modern and civilised leisure facilities that provide the city’s residents with diverse recreational facilities and ensure the highest standards of decent living. Specifically the project targets to establish a community center that meets the aspirations of residents of residential neighborhoods, enhance social life, contribute to bringing happiness to people and provide a healthy environment for business, shopping and entertainment.
As stipulated in the Musataha Agreement, this project will be constructed over two years and the operation period extends to 30 years after the completion date of construction works. It will be constructed over an area of 9,000 square meters, with an estimated cost of 37 million dirhams.
The depicted Al Sarab Shopping Centre to be constructed in Baniyas.