Dubai confirms plans to create ‘city within city’

Business Bay to rise along a new extension of Dubai Creek

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By  Eudore Chand Published  December 25, 2004

Dubai has set aside an area of 6.4 million m² to build the Business Bay, a business district that it hopes will rival New York’s Manhattan, Tokyo’s Ginza or even The City in London. The ambitious project to take Dubai from the regional to the international scale was announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Minister of Defence at the recent Arab Strategy Forum. It will be designed, executed and managed by Dubai Properties, which is part of Dubai Holding. “In the past, the prosperity of the city depended heavily on the Creek and most of the people resided along the shores,” said Sheikh Mohammed. “My father, Sheikh Rashid’s vision to take Dubai to news levels of growth and development led to the dredging of the Creek, and it is our pleasure to announce another key project which is related to the Creek.” The Business Bay is believed to be in the detailed design phase and once finalised is likely to be taken up on a fast-track basis, resulting in a slew of contracts to develop the three main elements and associated works. These include the dredging works to extend the Dubai Creek, the installation of the infrastructure and the construction of the on-site buildings and towers. Though no cost estimates have been issued yet, the vast project is likely to see investments in “tens of billions of dirhams” and will take a couple of years to go on stream. The idea is to take advantage of the fact that no major global centre of business exists in the vast stretch of the world that extends from Singapore in the East to Frankfurt in the West. Business Bay will be located along the new extension of the Dubai Creek that will stretch from its current ending at Ras Al Khor to the former Central Military Command area, which is now being developed as the Burj Dubai District. The aim is to attract global firms to establish their regional headquarters at Business Bay, with the offer of first class business and lifestyle facilities. Sheikh Mohammed said that Business Bay is an “initiative that reflects our commitment to continue to heavily invest in order to develop the infrastructure of the country and to maintain good relations between the public and the private sectors. This is done not only through the constant revision of rules and regulations which help the growth of businesses, but also through working hard to launch new investment opportunities for the private sector. We are confident that Business Bay will play a major role in the development of the country.” The extension of the Creek and construction of a ‘city within a city’ wil create opportunities for developers, contractors and suppliers. “We have begun preparing plans to launch the three main elements of the project, which are: the extension of the Creek; establishing the infrastructure such as roads and electricity networks; and laying the foundations for towers and other facilities. All three will be executed simultaneously so that the project can be completed on schedule,” stated Hashim Al Dabal, CEO of Dubai Properties.

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