By Staff writer
Dubai ruler says development plans will not be affected by global challenges as he tours mega project under constructioin
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai, on Saturday said the UAE's "march of development and progress" will not be affected by outside challenges such as the slowing global economy and low oil prices.
Sheikh Mohammed made his comments as he toured the construction site for the AED25 billion District One project being built on a 50 million square metre area in Mohammed bin Rashid Al Maktoum City in Dubai.
The project will offer a range of features including parks, man-made beaches and a 7km stretch of Crystal Lagoons offering a true beachside and active lifestyle.
The development, located between Meydan and Al Khail Road, is scheduled for completion before 2020, when Dubai’s population is forecast to reach 3.4 million.
Phase one and phase two villas are already sold out while the project will also feature a promenade with a wide range of stores, restaurants, cafes, bistros and entertainment options.
Sheikh Mohammed endorsed the project and directed the implementation of its four phases in accordance with the scheduled time, news agency WAM reported.
It quoted him as saying: "We are keen on giving thorough attention to the security of the UAE’s citizens and expatriate residents, their social and family stability and spread of happiness in every home and district, as well as to make happiness a culture in our homeland that has a multi-ethnic and multicultural society.
"The march of development and progress will not be affected by the surrounding challenges as life must go on, and this our fate in the UAE. We build and enhance the culture of addressing challenges with hard work, determination, and perseverance, and be optimistic and have patience, because patience is the way to creativity and innovation."