Dubai ruler announces new mega city project

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Dubai ruler Sheikh Mohammad Bin Rashid Al Maktoum announced on Saturday plans to build a new multi-billion dollar project called Mohammad Bin Rashid City.

The new city project will be built by Dubai Holding and Emaar Properties in what is being described as the biggest real estate joint venture in the region.

No value has been given for the project but plans include building the world's biggest shopping mall, a Universal family theme park and a park that is a third bigger than Hyde Park in London.

The project will comprise four key components and will feature "world class leisure facilities and provide an integrated environment for the development of entrepreneurship and innovation", a statement said. It is not clear how this project will impact the much-delayed Dubailand project.

The first component will focus on family tourism, and will include a giant park, equipped to receive 35 million visitors and a family entertainment centre set up in collaboration with Universal Studios and hotel facilities.

The second component, focusing on retail, will feature the largest shopping mall in the world called Mall of the World. Dubai already boasts the largest mall in the world, Emaar's The Dubai Mall.

A third component will include the largest area for arts galleries in Middle East and North Africa while the fourth fourth component will see the development of facilities to provide "an integrated environment for entrepreneurship and innovation in the region".

The new city will be located between Emirates Road, Al Khail Road and Shaikh Zayed Road, and will include Mohammad bin Rashid Gardens Project.

Sheikh Mohammad said in the statement: “The current facilities available in Dubai need to be scaled up in line with the future ambitions for the city.

"Therefore we have to start work immediately on the third phase of development that is aligned to our Vision till 2030 and boost the UAE economy to enable it to enter a new era in which it will become the capital of entrepreneurship, arts, culture, and family tourism for over 2 billion people.”

He added: “Our development initiatives concerning infrastructure in all sectors should be aligned with this growth rate and we have the determination to reach our objectives and be the first in the region to achieve them.”

The new city will also include residential areas built on green building standards in terms of energy consumption, waste treatment and conservation of natural environment.

It will also feature a number of golf courses under well-known international names.

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Posted by: Abujar tadavi

I like dubai

Posted by: KHANH

its so true that people all over the world know about DUBAI and its has been centuries that dubai is famous for doing business ,, almost a century ago indian businessmen they used to do business between dubai and india so is today
DUBAI MEANS BUSINESS

Posted by: ILYAS AHMAD

Let us not forget that the name Dubai is more popular than UAE among masses living in different countries. They think Dubai is name of a country. For those who are living inside UAE, Dubai is a place of attraction.
Before 1974 all emirates were equal. Today if dubai is far ahead from other emirates means some body has worked hard for it.

Wether the money used in building dubai is their own or loan, it is used for dubai and we can see it. Rulers will come and go but these buildings and roads are not gonna die. They will remind us the the then ruler of dubai.
Shk Muhammad keep building dubai as much as u can for your people and for us the outsiders who earn here.

Posted by: Woohoo

It doesn't take a genius to see all these lovely announcements leading up to National day :) Imagine what will be announced on December 2nd :O

Posted by: FactsAndFun

Yes, you spotted the pattern.
We will get one more at least regarding Emiratisation next week. It has been like this for the last few years at least. The people who are supposed to hire will post telling that this will not happen and those who should be hired will post accusing the first group of being ungrateful, cynical and jealous and refusing to acknowledge how valuable they are.
You can see the ra-ra brigade getting weaker every passing year, but still there.
It was fun for a few years but now it gets boring though.

Posted by: nascar

Really like Dubai, but would love to see the following in Dubai;
1. 10 affordable world class universities, 500 Ph.d. students coming out every year
2. a solid industrial base, with at least an oil refinery and a steel mill fully operated by Emiratis and no govt support
3. few good R&D institutes
4. few think tanks
5. move towards self-sustainability on food, essential items.
6. a finished goods import deletion program where products are at least assembled in country, cars

Posted by: ProtectionismIsNotFun

1) World class universities are expensive by definition. Even if you think of IIT/IIM the cost of admission is high (you pay in advance in the form of tuition and other concepts)
2) There is overcapacity in steel production, and the UAE woudl need to import the ore and has little use for the steel, adding extra transportation costs. Why would you want to set up such a money losing venture? To keep emiratis busy, cheaper to send a cheque every month. Seriously
3) How do you want to have good R&D when you have no solid academic foundation? This country is a long, long way from that. Unless of course you want to bring foreign experts... do you see a conflict with the emiratisation goals?
4) You must be seriously kidding. Think tanks... wow
5) The UAE/GCC countries will need to buy most of their food abroad unless they are happy to go back to dates and camel milk. It is actually the most effective thing for them to do
6) Yes right what the world needs, more car assembly capacity

Posted by: procan

Excellent list nascar, very thoughtful would not take much to add a few more to that wish list good work.

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