Dh26 billion in 60 days: Dubai investing to meet needs of the future


By Parag Deulgaonkar  www.emirates247.com

Dubai has unveiled three major projects in a span of just 60 days, committing Dh25.9 billion to development of the emirate’s infrastructure and transportation to meet future needs.

1aA recent report issued by Deloitte and Meed has revealed that projects under planning in Dubai are currently valued at $337.2 billion (Dh1.23 trillion), with the total value of projects under construction at $53.6 billion.

From May to June 2016, three government entities announced three major projects, which are listed below:

Dubai Metro Route 2020

In June-end, the Roads and Transport Authority awarded the extension of the much-awaited Red Line of the Dubai Metro to Expolink Consortium, comprising French, Spanish and Turkish firms.

The Dh10.6 billion new extension will serve Expo 2020, which is expected to attract about 25 million visitors during the six month, starting October 20, 2020 to April 10, 2021.

Work on the 15km-long extension work will commence in the fourth quarter of 2016 with trial runs staring by fourth quarter 2019. The official operation will commence on May 20, 2020.

‎Route 2020 will start from Nakheel Harbour and Tower station and end at the Expo 2020 site near Al Maktoum International Airport. With five elevated stations and two underground stations, the route will pass through localities such as Discovery Gardens, Dubai Investment Park, Al Furjan and Jumeirah Golf Estates. More info