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Bids Invited for Remaining 26 Metro Retail Outlets
DUBAI — Investors can bid and acquire the few remaining retail outlets along the Dubai Metro’s Red Line.
The Roads and Transport Authority (RTA) said more than 80 per cent of retail outlets on the Red Line have already been allotted.
Companies can submit bids for the remaining 26 outlets until January 14, 2010.
“Contracts are being awarded through bidding that witnessed intense participation earlier,” said Abdul Mohsin Ibrahim, CEO of the authority’s Strategy and Corporate Governance Section.
Winning companies will operate retail outlets extending along 29 stations on the Red Line. Business hours for the outlets will be aligned with those of the Metro stations in which they are built. The earlier rented outlets have already started commercial operations while a few others are under the awarding process.
“Tens of thousands of commuters are now using the Metro in their daily travels, and hence creating one of the most attractive opportunities in retail sector in Dubai,” said Mohsin.
From the start of the Metro operations in September until December, about six million passengers have used the Metro’s Red Line travelling across 10 stations only. Statistics compiled by the authority’s Rail Agency show that the number of Metro commuters is steadily on the rise.
Commercial outlets on offer at the Metro stations include general retail outlets such as restaurants, cafes, convenient stores, property showrooms, bank services, ATMs, IT communication systems and computer shops.
Companies such as UAE Exchange, Community Health, Netlink’s Internet Heroes, Al Shaya Food and Beverages, Starbucks, Alphamed Group, Tradeline, LLC’s Chowking, Fresh Fruits Company, and EPCCO’s Aqua and others have already operating outlets at the stations.
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