Delivering his keynote at the 'UAE Economic Outlook 2017' hosted jointly by the Dubai Department of Economic Development and the Abu Dhabi Department of Economic Development, he also revealed that Dubai will announce its future economic outlook twice every year from now onwards - in January and October. The economic outlook will shed light on growth opportunities in the emirate both at the macro-economic and sectoral levels and against the global economic backdrop.
'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'.
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