Developments set to enhance community living and boost economic growth.
The Abu Dhabi Investment Office (ADIO) has announced the signing of several Musataha agreements with local investors to drive economic progress and uplift community services across the emirate. The agreements, finalized during the fifth edition of the Al Multaqa quarterly meetings, focus on building two retail centres and a state-of-the-art school to meet the needs of residents and businesses.
Key Development Projects
Misnaad Mall in Madinat Al Riyadh
One of the pivotal projects includes the construction of Misnaad Mall, a commercial hub in Madinat Al Riyadh. Developed by Misnaad Alehterafya Contracting, this mall will feature over 1,000 square metres of gross leasable area (GLA), catering to retail and food and beverage outlets. Designed to meet the growing demand for modern shopping experiences, the mall aims to provide essential services and stimulate economic activity in the area.
Pro Shops 2 in Al Ain
Another major initiative is Pro Shops 2, a vibrant retail destination set to rise in Al Dhahir district, Al Ain. This project, spearheaded by Danat Alsharq Contracting Company, spans over 2,500 square metres of GLA and will offer convenient retail and dining spaces. Pro Shops 2 aims to become a community hub, benefiting residents and supporting local businesses.
Shining Star International School in Al Wathba
In collaboration with the Abu Dhabi Department of Education and Knowledge (ADEK), ADIO has also partnered with Shining Star International School to develop a cutting-edge educational facility in Al Wathba. The AED97 million ($26.4 million) project will span 30,000 square metres and accommodate up to 4,000 students. The school will offer an Indian curriculum for Grades 1-12 and is expected to significantly contribute to the emirate’s educational offerings.
Strategic Importance
The new developments are strategically located to serve residents and businesses while aligning with Abu Dhabi’s broader development objectives. These projects reflect ADIO’s commitment to fostering economic growth, enhancing community services, and supporting public-private collaboration.
Mansoor Al Bastaki, Head of Musataha at ADIO, stated:
“These projects are a testament to the power of public-private partnerships, and the benefits of working together to accelerate economic progress and uplift Abu Dhabi’s communities. Through the Musataha programme, we are unlocking the potential of the emirate’s public land to fuel investments that elevate the quality of life, from world-class retail spaces to state-of-the-art educational institutions. As these projects take shape, they will play a pivotal role in driving Abu Dhabi’s dynamic development.”
The Musataha Programme
ADIO’s Musataha initiative facilitates long-term infrastructure projects on public land for UAE national investors, offering competitive pricing models. This programme has been instrumental in fostering collaboration between government entities and private investors, ensuring developments align with community needs.
Al Multaqa Meetings
Organized by the Abu Dhabi Department of Economic Development (ADDED) and ADIO, the Al Multaqa meetings serve as a platform for dialogue between businesses and government. These quarterly meetings highlight economic updates and investment opportunities, encouraging collaboration and shaping policies that drive growth.
