“Abu Dhabi Ports” expected an agreement to sell a land worth 2.47 billion dirhams with "Mira Development"

Abu Dhabi, October 6/ WAM/ Abu Dhabi Ports Group announced today, the signing of an agreement with Mira Development Company to sell land, with the aim of establishing one of the largest multi -use projects in the Al -Maamoura area in Abu Dhabi, and the land is part of the “Town Center” project that extends over an area of ​​16 square kilometers within the group’s land portfolio, and is characterized by a strategic location on the Dubai – Abu Dhabi road.

The agreement, which is valued at 2.47 billion dirhams, is a strategic investment aimed at developing an integrated and modern society, and construction work is scheduled to start within a period not exceeding 12 months, and the project will be completely completed within ten years, starting from September 29, 2025, which reflects a strong commitment to the subject schedule, and embodies the importance of the project as a basic pillar to advance the sustainable development and achieve a qualitative shift in The urban scene.

This agreement constitutes one of the most prominent stations in the march of the growth of the Abu Dhabi Ports Group, which enhances its position as a leading global company, various activities and a future vision, and emphasizes its ability to attract strategic investments to the emirate.

In addition to strengthening the strength of the financial group, this deal provides new horizons for optimal benefit from its wide land portfolio, and contributes to accelerating the implementation of the main plan and enabling the group to redirect capital towards infrastructure, logistical and commercial projects with a severe strategic impact.

On this occasion, Captain Mohamed Gomaa Al Shamsi, Managing Director and CEO of Abu Dhabi Ports Group, said that this agreement embodies the commitment of the Abu Dhabi Ports Group firmly to develop its land portfolio and enhance its attractiveness to specific investments, as its revenues will directly reflect on strengthening the financial position of the group by diversifying sources of income, reducing debt levels and re -investing returns in growth projects A strategy that keeps pace with the aspirations of the future.

He added that cooperation with Mira Development Company confirms the group’s leadership in developing strategic projects aimed at consolidating economic diversification and achieving sustainable economic and social value for the Emirate of Abu Dhabi, in line with the vision of our wise leadership and its aspirations towards a brighter and prosperous future.

This project constitutes a strategic addition to the real estate development scene in Abu Dhabi, where it will offer an integrated society that combines residential, commercial and recreational facilities, and includes a shopping center that is one of the largest centers in the region in addition to a business complex, hotels and golf stadiums with international specifications, and educational facilities from universities and international schools, in line with the growing demand for high -quality societies in the capital, and at the same time embodies the most prominent confidence International developers with the economic vision of the Emirate of Abu Dhabi.

For his part, Timor Mamyakhanov, the founding partner and CEO of Mira Development Company, in cooperation with the Abu Dhabi Ports Group in this qualitative project, welcomed the Al -Maamoura region of its unique strategic location, stressing the commitment to develop an integrated society, and multiple uses that establish new quality and lifestyle standards in Abu Dhabi.

This cooperation represents a pioneering model for the development of societies in the Emirati capital, by establishing an integrated society that combines housing, work and modern life in a vital location, to make the globe a balanced destination that combines economic activity and the quality of life.

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