UPCOMING AND ON-GOING DEVELOPMENTS
Dubai Expo 2020
Sheikh Mohammed bin Rashid: UAE expo can connect minds.)
"We want to host Expo 2020 - a global event in which the cultures, innovations and creations of the world will meet in Dubai. We want to welcome more than 25 million people during six months, so they can see the best of what the human mind can achieve across cultures and races. We want to host the greatest minds in the world to share innovative solutions for global challenges that cannot be dealt with in isolation."
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Mohammad Bin Rashid City Is a planned mixed-use development in Dubai, United Arab Emirates. In November 2012 the ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum announced the establishment of what he termed a new "city" within Dubai. The complex is to contain four components:
- Family tourism, including a park able to receive 35 million visitors yearly, the largest family leisure and entertainment complex in the Middle East, Africa and Indian Subcontinent. The park is to be established in collaboration with Universal Studios and include more than 100 new hotels
- Retail, including the Mall of the World, planned to be the largest shopping mall in the world
- Arts, including the largest area for art galleries in the Middle East and North Africa, "Cultural Crossing", which will connect the existing areas of Downtown Dubai (location of the world's tallest building, the Burj Khalifa) and Business Bay, to the rest of Mohammed bin Rashid City.
- Entrepreneurship and innovation
- The biggest swimming pool in the world - 40 acres big
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World's Biggest Ferris Wheel
The world's largest Ferris wheel, the Dubai Eye, will be built off the coast after plans for a Dh6 billion entertainment project were approved today.
The Bluewaters Island which will include the 210-metre Dubai Eye, is expected to attract more than three million visitors a year. The Ferris wheel alone will cost Dh1bn. The Bluewaters Island project to be built near Jumeirah Beach Residence. The developers Meraas Holding said the island, which will include the 210-metre Dubai Eye, is expected to attract more than three million visitors a year. The Ferris wheel alone will cost Dh1bn.
Construction of the Dubai Eye, which will surpass the 165-metre Singapore Flyer that was completed in 2008, is expected to start before June. The two-phase island project is expected to be completed within three years. The first, which includes the Dubai Eye, retail, residential, hospitality and entertainment zones, will be ready in two years.
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Business Bay Canal
Dubai will spend Dh1.5 billion to extend the Business Bay canal by 12.8 kilometres, from the section of Shaikh Zayed Road flanking the Safa Park Interchange to the Arabian Gulf.
The extended Business Bay Canal will cross Shaikh Zayed Road before Al Safa Interchange and cut across Safa Park, Al Wasl Road, and Jumeirah 2, terminating in the Arabian Gulf
The canal will usher in a host of new business and investment opportunities including the possibility of utilising it to harbour floating hotels, or constructing hotels and restaurants on either side, or launching integrated tourist and recreational facilities in Al Safa Park, besides constructing canal view houses.
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