| Home | GCC | World | Industries | Markets | Opinion | Interviews | Photos | Video | Lists | Lifestyle | StartUp | Topics | Jobs | Property | Smart TV |
Help, I forgot my username and/or password
Dubai's ruler Sheikh Mohammed bin Rashid Al Maktoum has viewed AED3bn ($816m) plans to create a major new waterfront attraction in the emirate.
Stretching more than four kilometres between Dubai Creek and Hamriya Port, the Deira Waterfront Development Project will include six hotels, residential and commercial towers, a marina, storage facilities, loading and unloading bays, and a parking lot, news agency WAM reported.
The first and second phase of the project, which was first announced last year, will have an estimated cost of AED3bn and are expected to take four years to complete.
Sheikh Mohammed was given an insight into the project by Mohammed Ibrahim Al Shaibani, executive director and CEO of the Investment Corporation of Dubai (ICD), developer of the project, WAM added.
Last year, it was announced that phase one of the project would also include a new fish market, a souq and a range of food and beverage outlets.
It was reported that the market will have more than 1,000 car parking bays for customers. The new fish market will have a direct access to the sea, where a port will be built to allow fishing boats to dock.
Sheikh Mohammed also viewed a design of the 2km Business Bay Canal project which will cost more than AED1.5bn and include a unique "hanging canal" feature which will be built over the Dubai Metro track.
The water project extends from the Business Bay to Jumeirah Beach crossing the Sheikh Zayed Road, Al Safa Park and Wasl Street.
"I want this project to see light within two years from the day of beginning of construction," Sheikh Mohammed said in comments published by WAM.
Could you imagine what would happen if a large proportion of the educated, professional worker population suddenly left (let alone the domestic workers... more
Friday, 24 May 2013 1:26 PM - Khalid@both, the world is not the same all over; thankfully, the citizens of one country view things differently than another. Europe allowing something does... more
Friday, 24 May 2013 1:25 PM - SAM
Deferred payment, in other words, never going to pay back.
Just ask Egypt or Iraq or the long list of recipients of deferred payments.
As much as I love the UAE, this will be a problem for them in the future. Lets look at this from any democratic Country on Earth. If I decided not to turn... more
Wednesday, 22 May 2013 11:56 AM - Ty SayCould you imagine what would happen if a large proportion of the educated, professional worker population suddenly left (let alone the domestic workers... more
Friday, 24 May 2013 1:26 PM - Khalid@both, the world is not the same all over; thankfully, the citizens of one country view things differently than another. Europe allowing something does... more
Friday, 24 May 2013 1:25 PM - SAM
Top managment greed is one of the main reasons that caused the 2008 crises. hope i delivered the message..
more
As much as I love the UAE, this will be a problem for them in the future. Lets look at this from any democratic Country on Earth. If I decided not to turn... more
Wednesday, 22 May 2013 11:56 AM - Ty SayCould you imagine what would happen if a large proportion of the educated, professional worker population suddenly left (let alone the domestic workers... more
Friday, 24 May 2013 1:26 PM - Khalid
Join the Discussion
Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.
Please post responsibly. Commenter Rules