Dubai to invest $40 billion in construction by 2005
Dubai’s construction sector is forecasted to invest over $40 billion in major developments over the next 24 months. It is estimated that the cost of the houses, hotels, apartments and shops of the Dubai Marina project itself will exceed $4.4 billion, predicts Managing Partner of EPOC Messe Frankfurt, Geoff Dickinson.
It is also estimated that a large percentage of construction expenditures will be spent on landscaping the emirate and its extensive coastline. Tourism has also been set at 11 percent per year and residents have been known to spend considerable sums on landscaping and irrigating their gardens as well as on outdoor living items.
Epoc Messe Frankfurt, Dubai team has over 20 years experience of operating major exhibitions in Europe, The Middle East, Africa, The Far East and the US.
The formation of EPOC Messe Frankfurt marks the German parent company's first major foray into the fast growing trade fair and exhibition scenario in the Middle East and is a significant step in its global expansion plan. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
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