RTA’s $1.6bn roads development deal is a landmark on the way to enhancing the transport infrastructure of the city. This agreement, entered into by Dubai Holding and Dubai Roads and Transport Authority (RTA), will be central to Dubai’s mobility in the future. Ahmed bin Saeed Al Maktoum, Chairman of Dubai Holding, attended the signing of this historic agreement, which will increase connectivity, reduce congestion, and enhance urban development in the best locations in the emirate. Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of RTA, highlighted the impact of Dubai’s RTA $1.6bn roads development deal.
He said, “This agreement will enhance road capacity, reduce travel time, and improve access points across key areas of Dubai. It aligns with our goal of ensuring a seamless transport experience for residents and visitors.” Mohamed bin Hadi Al Hussaini, State Minister of Financial Affairs, was present during the signing ceremony. The investment will help in developing key congested areas like Palm Jumeirah, Business Bay, Jumeirah Village Circle. Furthermore, it will benefit both residents and businesses across the emirate.
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The Significance of RTA’s $1.6bn Roads Development Deal
Dubai leadership is persisting with the push for smart infrastructure spending to ensure unencumbered movement between residents and travelers. RTA’s $1.6bn roads development deal is a move toward optimizing the transport infrastructure in the Emirates. It aligns with the nation’s vision for an efficient and open city. Modernizing roads, bridges, and interchanges under the project, eventually minimizing the travel time, improving safety will be its payoff. The contract will spur infrastructure development along a line of iconic development projects like Dubai Islands, Jumeirah Village Triangle and Palm Gateway.
Moreover, it will cover Al Furjan, Jumeirah Park, Arjan, Majan, Liwan (Phase 1), Nad Al Hamar, Villanova, and Serena. The deal will also provide improved connectivity between Jumeirah Village Circle, Dubai Production City, Business Bay, Palm Jumeirah, and International City (Phase 3), easing traffic and congestion. Amit Kaushal, CEO of Dubai Holding, reaffirmed the company’s commitment to the growth of Dubai. He stated, “We are proud to be supporting this initiative, which will increase mobility and create a more integrated and sustainable city environment. This investment further positions Dubai as a global leader in the development of infrastructure.”
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