The Abu Dhabi Investment Office (ADIO), in partnership with the Department of Municipalities and Transport (DMT), has announced 12 new community market projects across the emirate.

The community markets will enhance existing infrastructure and quality of life for residents by creating urban destinations with retail, convenience and sports facilities, while offering long-term opportunities for investors in Abu Dhabi.

To date, three tenders have been successfully awarded to private sector investors for the development of community markets in Khalifa City, Shakhbout City and Mohammed Bin Zayed City. The remaining tenders are expected to be launched and concluded by end-2022.

ADIO and DMT invite qualified entities to participate in the next stage of the programme by collecting the Requests for Qualifications (RfQs) for the development of the Yas Island Community Market and Al Aamerah Community Market.

The community market on Yas Island, strategically located near the Yas-Saadiyat Highway with easy access from the E12, is for the proposed development of a 5,675-sq-m gross floor area (GFA) on 22,136 sq m of land in Abu Dhabi.

The project has a partnership period of 32 years under a Musataha agreement and will serve more than 6,000 residents in the island.