The Abu Dhabi Investment Office (ADIO) has signed a series of Musataha agreements with local investors, aimed at enhancing the quality of life in communities and driving economic growth across Abu Dhabi.
The agreements were finalised at the fifth edition of the Al Multaqa quarterly meetings and include the development of two retail centres and a school designed to serve the needs of local residents and businesses.
Misnaad Mall, a new commercial development in the heart of Madinat Al Riyadh, Abu Dhabi, will offer over 1,000sq m of gross leasable area (GLA) dedicated to retail and food and beverage outlets. This project by Misnaad Alehterafya Contracting will cater to the growing demand for modern shopping experiences, providing essential services for community members while stimulating economic activity in the area.
In Al Ain, Pro Shops 2 will bring a vibrant retail destination to the Al Dhahir district. Spanning over 2,500sq m of GLA, the project will be developed by Danat Alsharq Contracting Company and aims to enhance Al Ain’s commercial offerings by providing modern, convenient retail and dining spaces. The project will serve as a community hub, benefiting both residents and local businesses in the area. On the educational front, ADIO, in collaboration with the Abu Dhabi Department of Education and Knowledge (ADEK), has signed an agreement with Shining Star International School to produce a state-of-the-art educational facility in Al Wathba, Abu Dhabi. Spanning across 30,000sq m, this $26.4M project will be developed in two phases, with the capacity to accommodate up to 4,000 students.
