Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan unveiled on Monday "Riyadh City", the newest and largest housing project in Abu Dhabi.
Named after the Saudi capital, Sheikh Mohammed stated that relations between Sadui Arabia and the UAE are based on "brotherhood, cooperation and common destiny."
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The Crown Prince tweeted on his official account: "Based on Khalifa's vision, we are updating policies related to citizen housing system and introducing a package of residential products in Abu Dhabi."
The total area of Riyadh City is approximately 8,000 hectares, equivalent to 45 percent of Abu Dhabi's total residential land area.
The new City is located 30 kilometers from Abu Dhabi downtown and its capacity is expected to reach over 200,000 citizens by the completion of the project.
The Abu Dhabi Government launched the Modon Real Estate Company to design and create integrated residential communities that will meet the needs of citizens and requirements of Emirati families in line with the cabinet's policy to provide housing grants and government loans to local beneficiaries.
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The company will oversee partnerships with specialist designers and construction companies to ensure construction is done within the determined time limit and budget.
The development of Riyadh City will include residential neighborhoods with controlled population densities, as well as a full range of public facilities, such as parks, schools, shops, mosques, and medical and community service centers, which will comply with the highest standards of sustainability.
