Take a swim in the UAE and you may just discover....new underwater cities in Dubai?!
US-based Reef Worlds is planning to invest $3 billion in underwater tourism in the UAE (Courtesy of The National)
Click here to add Aarti Nagraj as an alert
Disable alert for Aarti Nagraj,
Click here to add BIG InvestConsult as an alert
Disable alert for BIG InvestConsult,
Click here to add Dave Taylor as an alert
Disable alert for Dave Taylor,
Click here to add Dubai as an alert
Disable alert for Dubai,
Click here to add Reef Worlds as an alert
Disable alert for Reef Worlds
US-based developer Reef Worlds has announced that it is interested in building underwater tourism sites in Dubai and across the UAE.
The company is planning to develop a project called Lost Cities in The World Islands aimed at capturing the $3 billion dollar dive and tourism market, it revealed in a statement.
Details will be announced within a month, the company said.
“We hope to be able to make an announcement about the Dubai development before early March,” the statement quoted Dave Taylor, director of Development for Reef Worlds, as telling reporters.
“The Reef Worlds brand is all about sustainability and the creation of new habitat while at the same time adding instant tourism revenue and excitement to waterfront resorts,” said Taylor.
“We will work with carefully selected resort partners on unique underwater habitat projects that directly support our clients’ sustainability and revenue goals.”
Developers in Dubai had announced grandiose plans for an undersea hotel few years ago, but the project was shelved following the emirate’s property crash.
However, in May 2012, Dubai’s Drydocks World signed a deal to develop undersea hotels with Swiss firm BIG InvestConsult.
By Aarti Nagraj
© Motivate Publishing. All rights reserved.
- Al Tayer bucks the US department store trend with Bloomingdale's Kuwait opening
- Gulf Islamic banks set to outperform conventional banks for second year: Moody's
- Jordan secures EU finance for socioeconomic and environmental programs
- Same-day service deliveries in GCC an untapped market: Wing CEO
- Will terror attacks damper Arabs' appetite for European holidays?