Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum has approved a development project for a 1.8km stretch of Dubai Creek which will cost about AED2 billion ($544 million).
The development, scheduled for completion by the end of 2016, will consist of a floating market, hotels, restaurants, art galleries and shops for Emirati handicrafts, news agency WAM reported.
Sheikh Mohammed issued directives for close coordination among the project’s stakeholders to build the project as a new tourist attraction in Dubai.
“Let us work as one team to transform our city into a cultural hub that attracts creative artists. I want Dubai to remain a melting pot for peace, harmony and love, a vibrant place for all,” he added in comments published by WAM.
The project covers a 1.8km plot extending from Al Fahidi area and is being developed by Meraas Holding.
An engineer from Meraas Holding made a presentation about the master plan of the project, the design of which will reflect the Emirati traditional identity, WAM added.
Last week, Sheikh Mohammed, also Vice-President and Prime Minister of the UAE, approved an AED8bn ($2.17bn) expansion plan proposed by Jumeirah Group, the luxury hotel company.
The expansion in a total of 11 countries will see addition of 4,300 hotel rooms over the next three years.
The approvals come as Dubai seeks to become the most visited city in the world.
One year into the delivery of Dubai’s Tourism Vision for 2020, significant first steps have been taken to achieve the target of attracting 20 million annual visitors by 2020, leading the tourism authority to set the new ambition.
Dubai ruler approves $544m Creek tourism plan
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