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Tuesday, November 26, 2024
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Nakheel welcomes RTA’s opening of $55mn first phase of International City road scheme

Master developer Nakheel says it “welcomes the RTA’s opening of the first phase” of a $109 million roads scheme at International City.

The project phase was funded by the developer with traffic studies by Nakheel show that more than 182,000 vehicles currently move in and out of the area every day and is expected to increase as expansions at International City and Dragon Mart continue.

Costing $55 million, the first phase is predicted to “improve traffic flow, reduce journey times and boost safety.”

According to Nakheel, the scheme includes road widening, new interchanges and signalised junctions in and around Dragon City, International City and Warsan Village, “where more than 110,000 people live and over 200,000 visit each day.”

“We thank the RTA for its ongoing co-operation and support for transport links at our communities,” commented Ali Rashid Lootah, chairman, Nakheel. “This project is essential to the overall, long term master plan at International City, bringing major benefits to existing residents, business owners and visitors in the short term, and paving the way for the future growth of the area.”

Nakheel added that is also exploring further traffic enhancement schemes, such as increased parking, within International City.

“Dragon City, located on the north-eastern edge of International City, is a sprawling mixed-use master development with a growing collection of retail, commercial, residential and hospitality components. Spanning 11 million sq ft, Dragon City is home to Dragon Mart, the world’s largest Chinese retail and trading hub outside China, and its sister mall, Dragon Mart 2, which opened in 2015, with a phase 3 retail showroom and car park complex nearing completion. Nakheel’s first hotel – an ibis Styles with 251 rooms – opened at Dragon City in 2016 and a 304-room Premier Inn will open in 2019,” the developer said in statement, adding that it is assessing construction proposals for Dragon Towers, a twin-building residential development with 1,142 apartments, which is set to break ground in Q3 this year.

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