Ports Authority Signs Deal for Abu Dhabi Mega Project

AD Ports Group has finalized a Dh2.47 billion land sale agreement with Mira Developments for a mixed-use community in Al Mamoura, Abu Dhabi. The land, located within AD Ports’ 16-square-kilometer Town Centre along the Dubai–Abu Dhabi highway, is set to see construction commence within a year. The project is scheduled for full completion within a decade from September 29, 2025.

This agreement marks a significant step in AD Ports' strategy to develop its land portfolio and attract investment. Captain Mohamed Juma Al Shamsi, Managing Director and Group CEO of AD Ports, emphasized the deal's importance in generating new revenue streams. The proceeds from the sale will be used to strengthen the company's financial position through debt reduction and reinvestment in growth projects.

The planned development is ambitious, encompassing a major shopping mall, business complex, hotels, golf courses, and educational institutions. This large-scale transaction underscores the strong investor confidence in Abu Dhabi's real estate market, representing one of the largest land deals in the emirate in recent years.