Dubai is set to outdo itself with plans for a huge tourism and retail development project.
The projects include a park 30% bigger than Hyde Park in London to be built on the outskirts of Dubai’s current downtown area and a retail complex called the Mall of the World that will be able to host 80 million visitors a year. A family entertainment centre linked to the mall, developed with Hollywood’s Universal Studios, a unit of Comcast Corp, would be able handle 6 million visitors each year.
Also part of the plans is The Mohammed bin Rashid City development to be built by Holding and Dubai’s leading real estate firm Emaar Properties. It would include a district of art galleries and an area where entrepreneurs could develop businesses.
“Dubai is aimed to become a business and cultural capital for 2 billion people in surrounding regions,” Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum, also prime minister of the United Arab Emirates said. “Passenger traffic at Dubai International Airport will exceed 50 million people this year, and is to top 90 million in six years.”