ADM inks investment contracts

ABU DHABI / WAM

Saif Badr Al Qubaisi, General Manager of Abu Dhabi City Municipality (ADM) signed an agreement and several contracts with property development and investment companies.
The contracts included constructing, building and operating recreational playgrounds for workers and Musaffah, and an agreement for construction and operation of recreational playgrounds for workers, one sports complex in Musaffah, 4 service stations in the residential districts in Wathba, Rahba, Shahama and Falah.
Hamad Jassim Al Darwish signed the contract on behalf of Al Hail Holding Company LLC, while Mahmoud Jamil Ismail Al Rumahi signed
for Cornerstone for Prop-erty Management LLC, and Naji Hassan Al Harathi for Tristar Properties.
Al-Hail Holding Company has launched a pioneering social charity initiative by funding the construction, management, maintenance and operation of the 3 workers’ playgrounds in Musaffah area. The other contracts were signed according to Musataha model and mutual interest between the Municipality and the private sector.
The General Manager of Abu Dhabi City Municipality said, “These projects reflect the vision of the Abu Dhabi Government aimed to bolster integration & cooperation with the private sector in order to boost the comprehensive development drive. They contribute to renovating public facilities and introducing new projects capable of addressing community needs and providing modern and integrated services in a civilised manner at world-class standards.”