Dubai Set to Develop Markets

Monday, 26th December 2016

Dubai Municipality aims at developing markets and commercial complexes across the emirate in order to revitalise economic activity in Dubai, according to WAM news agency on Sunday.

The municipality’s plans revolve around upgrading existing marketplaces all over Dubai and constructing new ones at an overall price of AED 2.5 bn.

Examples include the addition of cold storage facilities at the Central Fruits and Vegetables Market for AED 160 mn or the construction of a specialised market for building materials at a cost of AED 96 mn.

The municipality also drew up an ‘investment map of markets’, funding the projects either by the municipality’s budget or through attracting investors.

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