Dubai Maritime City Steams Forward

Wednesday, December 21, 2011
Dubai’s vision as a global maritime hub took another major step forward with the launch of the mixed-use Business District at Dubai Maritime City (DMC) under the patronage of HH Sheikh Ahmed Bin Saeed Al Maktoum, Chairman, Dubai World.
HE Mohammed Al Shaibani, the Director General of HH The Ruler’s Court, Government of Dubai, Khamis Juma Buamim, Chairman Drydocks and Maritime World, senior company executives, government officials, representatives of developers participating in the project, and special invitees, were present the grand inaugural ceremony on DMC’s 227-hectare man-made peninsula between the Drydocks World and Port Rashid.
Work will begin on six new projects in the Business District, keeping in step with the launch. They are: Swift Development’s Swiftships Towers, which are office towers, Sheth Developers with the Project ‘Iris Mist’Hotel Apartments & Residences, Kensington Global with a budget hotel Kensington Krystal, Sanali Global’s Sanali Aquamarine Residential Apartments and Dubai Investments Real Estate with a six star hotel. Project mobilization and commencement of construction is expected towards the end of 2012.
The 121-hectare Business District, estimated to cost around AED 2.5 billion, is at the heart of the visionary DMC project and complements the Marine Industrial District Operation inaugurated earlier this year under the first of the 3-phase development. It will serve as the main business growth engine of DMC, accounting for nearly 90% of its projected total income in 2013. It includes a maritime centre, harbour offices and residences, a marina, an academic quarter and a hotel.
Nineteen well-known developers are being considered to handle the development and sale of the commercial and residential units in the Business District. They are: Swift Development, Kensington Global Investment INC, Al Burj Real estate, Dubai Investment Real Estate, Sanali Global Limited, Al Faraa Investment, Sheth Estate International Limited, ETA Star Property Developers LLC, Deyaar Development – PJSC, Mena Capital Investment, Omniyat Properties Eighteen Ltd, Vakson Freehold, Meyadeen, Hemen R E D & General Trading Limited, Mohammed Shafar, Das Holding, DAMAC, Ismail Janahi, Esam Janahi.
DMC is the world’s first maritime cluster with an integrated development encompassing commercial, industrial, academic, residential and lifestyle components. 

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Canada to Aid Developing Nations Fight Climate Change

Canada will provide aid to developing countries to combat climate change, Prime Minister Justin Trudeau announced on Friday ahead of talks on global warming,

Sandra Weakens to Tropical Storm off Mexico's Coast

Hurricane Sandra weakened to a tropical storm on Friday and was expected to continue losing strength as it approached Mexico's Pacific coast, the U.S. National Hurricane Center (NHC) said.

Gates to Launch Mega Clean Tech Initiative

Microsoft co-founder Bill Gates will launch a multi-billion-dollar clean energy research and development initiative on Monday, the opening day of the U.N. climate change summit in Paris,

Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0878 sec (11 req/sec)