UAE-based Desert General Transport and Clearance Company has signed a deal with Abu Dhabi City Municipality to design build and invest a community market project at Mohamed bin Zayed City in the emirate, said a report.

The community market project will boast a floor area of about 36,000 sq m and will be built at a cost of Dh172 million ($47 million), reported state news agency Wam.

"This agreement epitomises the vision of Abu Dhabi Government aimed to bolster cooperation with the private sector in boosting the sweeping development drive and improvement of facilities," remarked Musabbah Mubarak Al Murar, the acting general manager of Abu Dhabi City Municipality, after signing the agreement.

"It also introduces new projects anticipated by the public for a civilised living style marked by modern services at high-class experience; which would contribute to realising the vision of Abu Dhabi Government 2030," he noted.

"The series of seven community markets the Abu Dhabi City Municipality intends to construct in partnership with the private sector are capable of bringing about an advanced pattern of improved civilised services. It also rolls out new concepts of entertainment and shopping in a stylish, healthy environment characterised by comfortable and happier living experience for community members," stated Al Murar.

According to him, the community market articulates a new concept in investment and shared benefits with the private sector.

"It also fits well with an array of development & investment projects aimed at upgrading municipal assets in a host of tourist, recreational, service and commercial fields. Such a partnership is reflected in the designing & constructing these projects as well as their operation and investment," he added.

The project also ensures the investing public areas in the building of a superb project like the community markets, said the Wam report.
 
Once completed, these markets will turn into a brilliant service and shopping facility built to the highest standards, thus contributing to the improved living style of the neighbourhood, it added.