'Dubai Harbour' is also set to enhance the city's profile as a magnet for wealth and investment.
His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai announced the development of 'Dubai Harbour', a unique new waterfront destination that will feature the Middle East and North Africa (Mena) region's largest marina.
The announcement was made in the presence of Shaikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai; Shaikh Ahmed bin Saeed Al Maktoum,President of Dubai Civil Aviation Authority and Chairman and Chief Executive of Emirates Airline and Group; Shaikh Mansour bin Mohammed bin Rashid Al Maktoum, Chairman of Dubai International Marine Club; Khalifa Saeed Sulaiman, Director General of Dubai Protocol Department; and Abdulla Al Habbai, Group Chairman of Meraas.
The project, located on King Salman bin Abdulaziz Al Saud Street, in the area between Jumeirah Beach Residence and Palm Jumeirah, also known as Mina Al Seyahi, will be developed by Dubai's leading holding company Meraas.
The iconic luxury waterfront destination, spread over 20 million sq. feet, will include a 1400-berth marina as well as a cruise ship port and terminal, a shopping mall covering 3.5 million sq. feet, an events arena, luxurious residential buildings, hotels, offices, retail stores, public services, restaurants and cafes and 'Dubai Lighthouse'.
The masterplan of the new destination integrates Skydive Dubai, Dubai International Marine Club (DIMC) and Logo Island into a single community. To be developed in phases, the 'Dubai Harbour' project will be completed in four years once ground has been broken.
Shaikh Mohammed said:
"We are happy that this new project, which represents a unique and innovative new addition to the region's tourism landscape, opens up a range of new opportunities to investors. 'Dubai Harbour' creates a venue for new investments that support our vision for this important sector and promises to further accelerate the expansion of the tourism industry in the UAE, which is already growing rapidly. I am confident that the project will have a highly positive impact on our entire region's tourism sector. We are keen to encourage new projects and promoteinvestments that will contribute to bringing to the region more tourists interested in experiencing this part of the world."
Shaikh Mohammed noted that this project is inspired by the Gulf's long maritime tradition, which has been inextricably linked to the evolution of trade and commerce in the region.
"Our region has had a long and historic relationship with the sea, and today we are seeing another initiative inspired by this age-old tradition that opens up new horizons for development. We have great aspirations for the tourism sector, which is one of the main pillars of our economic development and an important source of national income," he added.
Credit: Khaleej Times
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