The new city will feature world class leisure facilities for 35 million visitors
Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice- President and Prime Minister of the UAE and Ruler of Dubai, has announced the establishment of a new city within Dubai, setting new benchmarks in urban development in the region.
Comprising four key components, the new city, which will be called “Mohammad Bin Rashid City”, will feature world class leisure facilities and provide an integrated environment for the development of entrepreneurship and innovation.
Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice- President and Prime Minister of the UAE and Ruler of Dubai, has announced the establishment of a new city within Dubai, setting new benchmarks in urban development in the region.
Comprising four key components, the new city, which will be called “Mohammad Bin Rashid City”, will feature world class leisure facilities and provide an integrated environment for the development of entrepreneurship and innovation.
The first component focuses on family tourism, and will include a park
that is equipped to receive 35 million visitors and the largest family
centre for leisure and entertainment in the Middle East, Africa Indian
subcontinent and region.
This centre will be set up in collaboration with Universal Studios and
include over 100 hotel facilities to meet the needs of visitors from the
region.
The second component, focusing on retail, will feature the largest
shopping mall in the world. The third component will include the largest
area for arts galleries in Mena.
The fourth component will see the development of a unique area that
will provide an integrated environment for entrepreneurship and
innovation in the region.
Making the announcement, Shaikh Mohammad stressed that, “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 highlighted that the current accelerated growth rates require Dubai
to start immediate preparations for the future because within just six
years, the number of passengers passing through Dubai airport will reach
more than 90 million people.
“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,”
Shaikh Mohammad said.
The new city will be located between Emirates Road, Al Khail Road and
Shaikh Zayed Road, and will include Mohammad bin Rashid Gardens Project.
It will be connected to Downtown Dubai and Business Bay through a
crossing that will be named the “Cultural Crossing” which will include
art galleries and create the largest area for arts in the region.
“Mohammad Bin Rashid City” will feature a massive park which will be 30
per cent bigger than Hyde Park in London. It will be surrounded by the
largest mall in the world called “Mall of the World”, which will be
capable of receiving 80 million visitors a year, and include over 100
hotel facilities to meet the requirement for accommodation.
“Mall of the World” will be connected to a family entertainment centre
which will be developed in collaboration with Universal Studios
International. This centre will be the largest in the region and is
expected to attract 6 million visitors each year.
“Mohammad Bin Rashid City” will be designed keeping in mind global
environmental standards, and will include a specialised area in
creativity, innovation and entrepreneurship.
This area will provide an integrated environment to support
entrepreneurship and attract talents looking for a platform to support
their projects and innovations in various sectors, paving the way for a
new economy based on knowledge, creativity and innovation.
The new city will 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. The new city project will be implemented by Dubai
Holding and Emaar Properties and will be marked as the biggest joint
venture in real estate industry regionally.
The tourism sector in Dubai is growing by 13 per cent annually; with
growth in hotel revenue exceeding 22 per cent to reach more than Dh 16
billion. The hotel occupancy rate was 82 per cent in the year 2011,
which was the highest globally, and the number of visitors to Dubai Mall
reached 62 million in 2012, with 25 per cent growth in retail sales in
2011.
In attendance at the announcement were. Shaikh Hamdan Bin Mohammad Bin
Rashid Al Maktoum, Crown Prince of Dubai, and Shaikh Maktoum Bin
Mohammad Bin Rashid Al Maktoum, Deputy Ruler of Dubai, other shaikhs and
senior officials.
GulfNews
GulfNews
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