Thursday 28 May 2020

Modon to develop $626m residential project in Abu Dhabi

ABU DHABI, December 1, 2019

Modon Properties (Modon), a development company mandated by the Abu Dhabi government to build vibrant and sustainable communities and develop strategic mixed-use projects, has been given the go-ahead to develop a comprehensive residential project at Al Dhanah in Al Dhafra Region.

Announcing the Dh2.3-billion ($626 million) project, Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC) said it aims to accommodate and serve employees and their families through launching vital projects such as this in the region.

Sheikh Hamdan said Modon Properties has already been assigned to prepare the project plan for the housing project.

He revealed this while receiving Falah Mohammed Al Ahbabi, chairman of the Municipalities and Transport Department, Mohammed Al Hammadi, CEO of the Emirates Nuclear Energy Corporation, and Mohammed Ali Al Mansouri, Director-General of Al Dhafra Region Municipality.

Sheikh Hamdan highlighted the importance of long-term planning and launching development and strategic projects that aim to achieve development, through providing education, housing and community development services to the community and reinforcing the stability, prosperity and advancement of the region.

He also pointed out that related projects are currently being implemented in Al Dhafra, in line with the social, economic and development needs of the local community.

During the meeting, Sheikh Hamdan was briefed about the development plans of the corporation and the construction projects taking place at the Barakah Nuclear Power Plant, along with other projects in progress in Al Dhafra.-TradeArabia News Service


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