PROJECTS: Abu Dhabi's ZonesCorp completes 69% of Rahayel City's commercial and retail area

Hands over 1.38 million sqm of commercial and retail area

  
Image used for illustrative purpose. Labourers work at the construction site of Abu Dhabi.

Image used for illustrative purpose. Labourers work at the construction site of Abu Dhabi.

REUTERS/Ben Job
Abu Dhabi Ports announced on Tuesday that ZonesCorp, part of its Industrial Cities & Free Zone Cluster, has completed 69 percent of the commercial and retail area of Rahayel Automotive and Mobility City, according to an ADP press statement.
 
The statement said ZonesCorp handed over 1.38 million square metres (sqm) of commercial and retail areas at Rahayel City with the remaining 620,000 sqm set for completion by June 2022.
 
In March 2017, a ZonesCorp statement said Phase 1 infrastructure of Rahayel City represents an investment of approximately 1.6 billion UAE dirhams.
 
Rahayel Automotive and Mobility is being developed an integrated hub for the automotive industry, and includes showrooms, service centres and workshops, auction houses, sector-based regulatory and governing bodies, a vehicle test track, an inspection facility, and an auto training centre, the Port statement said.
 
The entire city is set to be completed by June 2022, the statement said.
 
SDC Deal Number: 4219252158
 
(Writing by SA Kader; Editing by Anoop Menon)
 
 
This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.  
 
© ZAWYA 2021

More From Construction