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Real EstateFunding|May 27, 2026, 09:24 AM
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Abu Dhabi to Get New 10 Million Square Meter Sustainable City with Dh2 Billion Investment

BySendTech Times Capital & Policy DeskNewsroom-edited, source-reviewed coverage|Source: khaleejtimes.com
Newsroom brief

Abu Dhabi National Company for Building Materials (Bildco) partners with Wujod Real Estate Development for a new sustainable city. The project will cover 10 million square meters, with the first phase investment at Dh2 billion. The development aims to support Abu Dhabi's long-term economic diversification and sustainability goals.

Verified against source materialEdited by SendTech Times Capital & Policy Desk
Abu Dhabi to Get New 10 Million Square Meter Sustainable City with Dh2 Billion Investment

New Sustainable City in Abu Dhabi

Abu Dhabi National Company for Building Materials (Bildco), listed on the Abu Dhabi Securities Exchange, has announced a partnership with Wujod Real Estate Development to develop a sustainable project in the UAE capital.

The project will cover an initial area of approximately 10 million square meters, equivalent to around 107 million square feet.

Investments for the first phase are estimated at Dh2 billion, with implementation to proceed in line with the approved development plans and regulatory requirements.

Commitment to Sustainable Growth

Shamsa Sulaiman Alfahim, acting CEO of Bildco, stated that this partnership will support the evolution of the UAE’s real estate sector by providing building materials and solutions that meet the requirements of modern developments and contribute to the country’s sustainable urban growth.

She emphasized, "We believe that true growth is tied to our ability to deliver products and services that help build more efficient and sustainable communities, while supporting the vision of Abu Dhabi and the UAE to develop an integrated, future-ready urban environment."

Economic Diversification and Community Focus

The partnership will also support Abu Dhabi’s long-term economic diversification strategy by developing a low-density urban destination that brings together sustainable residential living, health and wellness facilities, equestrian activities, innovation hubs, open natural spaces, and modern infrastructure designed to meet the needs of future living.

Issa Ataya, founder and CEO of Wujod Real Estate Development, remarked that the project will serve as a sustainable platform supporting the health and wellness, innovation, and tourism sectors.

He stated, "Our ambition is to develop a leading global destination that sets a new standard for residential excellence through spacious residential clusters, specialized health and wellness facilities, equestrian and golf experiences, productive green spaces, integrated lifestyle amenities and services, as well as advanced and sustainable infrastructure."

The development aligns closely with Abu Dhabi’s strategic priorities in economic diversification, sustainability leadership, tourism growth, and the advancement of the health and wellness sectors, aiming to contribute effectively to the emirate’s long-term vision for integrated and future-focused urban development.

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