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Abu Dhabi Municipality and Al Qudra Holding Sign an Agreement Worth AED 750 Million

Abu Dhabi Municipality and Al Qudra Holding have signed a Musataha Agreement (SMA) for 50 years subject to renewal, entailing Al Qudra Holding to build, operate and invest in a new Traditional Souq project worth AED750 million, strategically located in the W64 zone of Abu Dhabi, between the Maqtaa Bridge and Al Khaleej Al Arabi Street. The souq will span over 245,000 square meters and will include a number of commercial, cultural and entertainment activities