Investments in Dubailand to exceed AED 65 Billion in 18 months

Saeed Al Muntafiq said, 'The investments by UAE, GCC and international investors in the existing 26 projects have touched AED 35 Billion. The investments expected to be made by regional and international investors in the new projects under development are estimated between AED 27 and AED 30 Billion.'

He pointed out that Tatweer was launched recently to manage companies and projects under Dubai Holding. Tatweer has created a single window for Dubailand investors to issue licenses, process official paperwork, and provide other related services.

'The tremendous interest in Dubailand projects still under development reflects the faith of the UAE, GCC, and international investors in UAE's stable economy and the tremendous growth of the tourism sector. Two years ago, when the project was launched, several investors made investments that exceeded our expectations. In fact, some projects attracted competition from investors, which gave us the option to compare and choose the best in line with our strategic mission to transform Dubailand into a family tourist destination attracting visitors from all over the world,' he added.

He said, 'Dubailand will have 12 entertainment theme parks, including one of the largest water parks in the world. The theme parks will also include the 'The Restless Planet, a dinosaur theme park being developed in cooperation with the British Natural History Museum; a complete Sports City featuring large state-of-the-art stadiums; the Great Dubai Wheel; the Islamic Culture and Science World; the Mall of Arabia, set to become one of the largest shopping centres in the world, and other attractions that cater to the entire family'.

Saeed Al Muntafiq said, 'The elements of family entertainment in Dubailand will leverage the UAE's efforts to strengthen its position as the leading global tourist hub. It would add to the increase in the number of tourists which the country is already attracting from all over the world.'