Economy

Dubai Holding and RTA to Develop Dubai’s Infrastructure

Global investment company Dubai Holding and Dubai’s Roads and Transport Authority (RTA) on Sunday signed an agreement $1.63 billion to enhance infrastructure across the city.

The agreement is expected to enhance infrastructure across key development communities and projects throughout the emirate, including Dubai Islands, Jumeirah Village Triangle, Palm Gateway, Al Furjan, Jumeirah Park, Arjan, Majan, Liwan (Phase 1), Nad Al Hamar, Villanova, and Serena.

Bridges and roads will be developed to improve access points for five key Dubai Holding developments: Jumeirah Village Circle, Dubai Production City, Business Bay, Palm Jumeirah, and International City (Phase 3).

The UAE’s Minister of State for Financial Affairs, Mohamed bin Hadi Al Hussaini, was present at the ceremony where Director-General Chairman of RTA Mattar Al Tayer, and the Group CEO of Dubai Holding, Amit Kaushal signed the agreement in the presence of senior officials.

As per the agreement, four additional access points will be developed for Jumeirah Village Circle, featuring grade-separated interchanges designed to double the capacity of the area’s entry and exit points. These enhancements are projected to reduce travel time on internal roads and access points by 70%, while also improving traffic safety and ensuring seamless traffic flow at intersections.

Additionally, new bridges will be constructed to improve access to Dubai Production City from Sheikh Mohammed bin Zayed Road, reducing travel time on entry and exit points, as well as improving traffic flow on internal roads by 50%.

Surface Improvements

The agreement also provides for surface improvements at intersections leading to Business Bay from Sheikh Zayed Road as well as the construction of a pedestrian bridge at the Business Bay intersection with First Al Khail Road to enhance pedestrian safety and optimise traffic flow.

Additionally, upgrades to internal roads in the Towers Area will help reduce travel time by 30% across entry and exit points and internal routes.

The agreement includes the construction of additional acceleration and deceleration lanes along Palm Jumeirah, spanning six locations to optimise traffic flow. Additionally, two pedestrian bridges will be built to replace at-grade crossings, enhancing mobility and ensuring pedestrian safety while reducing travel time within Palm Jumeirah by%.

The agreement covers the expansion of the road marking the entrance into International City (Phase 3) from Manama Street by adding a new lane, widening internal roads, and upgrading surface intersections with traffic signals to streamline traffic flow and enhance road safety. These improvements are expected to reduce travel time from 15 minutes to just five minutes.

Mattar Al Tayer said that RTA remains dedicated to fostering strategic partnerships with real estate developers to ensure the road infrastructure in development areas can effectively accommodate traffic demand, enhancing seamless mobility for residents and visitors.

The projects under this agreement will reduce travel time and increase the capacity of entry and exit points by 30 to 70%, he added.

Global Business Magazine

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