The UAE is planning to carry out projects in construction and other sectors worth around $494 billion, accounting for nearly a third of the total projects planned in the region, according to a Gulf business chief.
The 131-km Doha Metro Railway will have at least 48 stations and half of the entire facility would be built underground at depths up to 50 meters. In a presentation, Qatar Rail commercial manager Stephen Lines disclosed that the elevated portion of the Metro railway is 48km long. Construction has started this year and it is expected to be completed in 2019.
By Shane McGinley
Published: Wednesday, 28 November 2012 3:01 PM
Dubai will not have to depend on global financial markets to fund large-scale projects announced within the last few weeks as it has access to sufficient funding from within the UAE.
The head of Dubai Economic Council told reporters on Wednesday.
Qatar’s Public Works Authority (Ashghal) announced on Wednesday that it would award work contracts worth $329.5 million for seven major projects, including new health centres and additional operation theatres at the Hamad General Hospital.
The projects are part of Ashghal’s ambitious $3.90 billion plans for 2013/2014 to develop 124 building projects across Qatar, a report in Gulf Times, a local Doha based newspaper, said.
The new city will feature world class leisure facilities for 35 million visitors
Published: 16:07 November 24, 2012
Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice- President and Prime Minister of the UAE and Ruler of Dubai, has announced the establishment of a new city within Dubai, setting new benchmarks in urban development in the region.