By Andy Sambidge
Developers behind project say progress on target despite 'challenging' conditions.
Developers of Dubai Maritime City, the world’s first purpose-built maritime centre, has said plans are on schedule towards its proposed 2012 completion date.Infrastructure for the Industrial Precinct of the project is set to be 85 percent complete in 2009 while groundwork for the Commercial Precinct is at 65 per cent, and road work is in the final stages.
The whole development is expected to be fully operational by 2012 as originally scheduled and Dubai Maritime City chiefs are currently in talks with local and global maritime interests.
“We are pleased to announce that despite the challenges, the progress of Dubai Maritime City is well on track,” said Khaled Meftah, director – Property, Dubai Maritime City.
“With the infrastructure work in the Commercial Precinct currently in the final stages of completion, several real estate developers are starting to mobilise on some plots, which is a significant development, and takes us one step closer to creating a regional maritime hub that will complement Dubai’s expected emergence as one of the world’s most competitive maritime clusters.”
The 2.27 million square metre Dubai Maritime City is divided into the Maritime Centre, the Industrial Precinct, The Academic Quarter, the Marina District, the Harbour Residence, and the Harbour Offices.
A number of Dubai and the maritime world’s leading developers are involved in the project, and officials at DMC have stressed that despite the global economic challenges, it’s been business as usual.
Upon completion, it will feature the country’s first National Maritime Museum and the region’s premier ship repair and maintenance facilities.For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Their annual license fees for 2009 are today increased by 25% !!!! No explanation, nothing, just an incredible annual increase, unilateral.