Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of Dubai Holding, witnessed the signing of a Dhs6 billion contribution and traffic solutions implementation agreement between Dubai’s Roads and Transport Authority (RTA) and Dubai Holding, a diversified global investment company and a leader in large-scale development projects, in accordance with the leadership’s directives to improve mobility, support urban expansion, and enhance Dubai’s road and transport network.
Arjan, Majan, Liwan (Phase 1), Nad Al Hamar, Villanova, Serena, Dubai Islands, Jumeirah Village Triangle, Palm Gateway, Al Furjan, and Jumeirah Park are among the important development communities and projects in the emirate where the agreement helps to improve infrastructure.
The deal calls for constructing roads and bridges to enhance access to five major developments owned by Dubai Holding: Business Bay, Palm Jumeirah, Dubai Production City, International City , and Jumeirah Village Circle.
In front of senior representatives from both organizations, Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of RTA, and Amit Kaushal, Group Chief Executive Officer of Dubai Holding, signed the agreement in the presence of Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs.
According to the deal, Jumeirah Village Circle will get four more access points, including grade-separated interchanges that will increase the area’s entry and departure points’ capacity. Along with increasing traffic safety and guaranteeing smooth traffic flow at intersections, these improvements are expected to cut travel times on internal roads and access points by 70%.
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