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Dubai expecting Dh25 billion in total investment in infrastructure-related projects in run-up to Expo
Dubai developers have commenced work on mega projects and are set to complete their
developments much before 2020.
The aim is to deliver their iconic projects (tourist attractions) ahead of Expo 2020, which will run from
October 20, 2020 to April 10, 2021, and aims to draw more than 25 million visitors to the country.
In April, Dubai government had said that the Expo 2020 master plan remains on track with a target
date for completion of all major construction activities on site by October 2019, allowing for a full
year of readiness testing across networks, systems and technologies.
Dubai is expecting Dh25 billion in total investment in infrastructure-related projects in the run-up to
Expo 2020 with nearly 277,000 new jobs being created.
"We expect an acceleration in some iconic real estate projects as there will be a spurt in the overall
demand from local and international investors. We foresee expectations increase dramatically
across the entire spectrum of real estate," Khalid Bin Kalban, CEO, Dubai Investments, had told this
As billions of dirham worth of construction contracts are awarded, state-owned entities have
announced plans to build more new iconic projects this year.
Here are the details of projects under construction and announced this year.
Dubai Water CanalWork is in full swing on the Dh7.34-billion Dubai Water Canal that will connect the Business Bay with
the Arabian Gulf passing through the heart of Dubai.
Roads and Transport Authority (RTA) has already awarded contracts, worth Dh1.7bn, for the three
phases of the project.The new contracts announced are for phase II and phase III, worth Dh1.1bn.
China State Corporation has been awarded the Phase II contract, which comprises construction of
bridges across the canal on Al Wasl and Jumeirah Roads at a cost of Dh384 million.
Phase II will provide a link between Dubai Creek and the Arabian Gulf via a water canal passing
across Sheikh Zayed Road, Al Safa Park, Jumeirah 2 and up to the Arabian Gulf near the southern
part of the Jumeirah Creek Park.
The work will completed be in the last quarter of 2016 to coincide with the completion of Phase I of
the project covering the construction of a bridge on Sheikh Zayed Road passing over the course of
the Canal, allowing free navigation around the clock.
The phase 1 contract, valued at Dh580 million, was awarded to Turkish firms Mapa and Gunal. It
includes the construction of a bridge on Sheikh Zayed Road, comprising eight lanes in each
Belhasa Six Construct Company was awarded the phase III contract, worth Dh802m. The phase III
comprises construction of a water canal linking the Dubai creek with the Arabian Gulf.
Work is set to start in June while the scheduled completed date is end-September 2016.
The Dubai Water Canal project will include a new shopping centre, four hotels and 450 restaurants
as well as luxury housing and cycling paths. It is expected to provide new areas measuring 80,000
square metres for public places and facilities, as well as private marinas for boats and a new trade
centre at the entrance of the canal.
The canal itself will measure six meters deep, while bridges will be built eight meters high to allow
the passing of yachts and marine craft.