DUBAI–"We are happy that this new project, which represents a unique and innovative new addition to the region's tourism landscape, opens up a range of new opportunities to investors."
These were the very words uttered by His Highness Sheikh Mohammed bin Rashid al Maktoum, Vice President and Prime Minister and Ruler of Dubai, as he announced the development of Dubai Harbour.
The unique new waterfront destination that will feature the Middle East and North Africa (MENA) region's largest marina is expected to be finished in four years after the ground-breaking ceremonies.
The project, located on King Salman bin Abdulaziz Al Saud Street, in the area between the Jumeirah Beach Residence and Palm Jumeirah–also known as Mina Al Seyahi–will be developed by Dubai's leading holding company Meraas.
The iconic luxury waterfront destination, spread over 20 million sq. ft., will include a 1,400-berth marina, the biggest in the MENA region, as well as a cruise ship port and terminal, a shopping mall covering 3.5 million sq. ft.–the largest one in the area–an events arena, luxurious residential buildings, hotels, offices, retail stores, public service facilities, restaurants, cafes and the Dubai Lighthouse.
The master plan of the new project also integrates Skydive Dubai, Dubai International Marine Club, DIMC, and the Logo Island into a single community."Dubai Harbour creates a venue for new investments that support our vision for this important sector and promise to further accelerate the expansion of the tourism industry in the UAE, which is already growing rapidly," said Sheikh Mohammed of the project that is expected to generate thousands of jobs in the four years that it will be developed and more jobs thereafter or when it becomes fully operational.
"I am confident that the project will have a highly positive impact on the entire region's tourism sector. We are keen to encourage new projects and promote investments that will contribute to bringing to the region more tourists interested in experiencing this part of the world," added the Ruler of Dubai.
He also noted that this project is inspired by the Gulf's long maritime tradition, which has been inextricably linked to the evolution of trade and commerce in the region.
"Our region has had a long and historic relationship with the sea, and today we are seeing another initiative inspired by this age-old tradition that opens up new horizons for development. We have great aspirations for the tourism sector, which is one of the main pillars of our economic development and an important source of national income," His Highness Sheikh Mohammed added.The unique destination, which adds a new dimension to Dubai's flourishing tourism industry, is set to further enhance Dubai's position as a leading global hub for maritime tourism.
The project will create synergies with some of Dubai's other iconic projects located in the area, including Palm Jumeirah and the upcoming Bluewaters Island project.Dubai Harbour is also set to enhance the city's profile as a magnet for wealth and investments.The project promises to be an attractive destination for the GCC yacht owners, who own one-third of the world's largest superyachts.
Dubai Harbour will be accessible by land, sea and air. Additionally, the project will be linked to Sheikh Zayed Road, Palm Jumeirah, King Salman bin Abdulaziz Al Saud Street and Bluewaters Island through state-of-the-art infrastructure.
"The Dubai Harbour project has been launched in response to the vision of His Highness Sheikh Mohammed bin Rashid to create a culture of innovation to support the country's future and strengthen its international position. It also contributes to achieving 'Dubai Tourism Vision 2020' to promote tourism and strengthen Dubai's position as a leading tourist destination," said Abdulla Al Habbai, Group Chairman of Meraas.
"Dubai has constantly amazed the world with its ability to create great projects. A futuristic project of the highest standards, Dubai Harbour confirms our commitment to innovation and creativity. The project demonstrates our approach of thinking differently to create new opportunities that stimulate economic activity in this area. This project will develop a waterfront destination that will stimulate fresh growth in the tourism sector," he said.
Dubai Harbour is expected to create new employment opportunities and attract substantial investments. The destination is also expected to have an incremental impact on the value of neighbouring properties.
Source: VP announces state-of-the-art Dubai Harbour project
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