Complex Made Simple

Mall of the World and DWC given the green light

Two of Dubai’s most anticipated construction projects, Mall of the World and Dubai World Central (DWC), have been given the go-ahead this week.

In a bid to further raise the emirate’s tourist and leisure profile globally, both mega projects hope to attract 20 million annual visitors to Dubai in time for Expo 2020.

On Monday (September 8), the Dubai government announced plans for a $32 billion expansion of Al Maktoum International Airport at DWC. With Dubai International Airport (DXB) set to run at a full capacity of 100 million passengers by 2020, plans to build a new hub, approximately double the size of DXB, have been in the pipeline for some time.

So far, Al Maktoum, which officially opened a small terminal in 2010, has attracted 110,000 passengers in Q1 2014; a small fraction the 200 million annual passengers the world’s largest airport will eventually accommodate. According to Dubai Airports, the $32bn investment will cover the first phase of expansion that will take between six and eight years to complete.

Likewise, on Monday, government-owned Dubai Holding announced that the construction of Mall of the World will begin in Q1 2015. The $6.8bn project to be situated on Sheikh Zayed Road, which will include a theme park, a theater district and 100-plus hotel facilities all in a temperature-controlled environment, is expected to take ten years to complete.

Despite fears that Dubai’s real estate market is, once again, experiencing a bubble, which emphasises the risks of large construction projects, Dubai Holding’s chairman, Mohammad Abdulla Al Gergawi, says: We are confident that our financial position will strengthen further once the construction starts.”

Above all, both mega projects prove Dubai’s commitment to expanding its booming tourism and aviation industries.

 

Originally published on AMEinfo.com, a sister publication of AficionadoME.com