More investments expected in Dubailand
Dubailand, the largest family entertainment project in the Middle East and one of the subsidiaries of Dubai Holding, has declared that Dh15 billion will be invested in a total of 11 projects which will be carried out over the next five years.
According to Khaleej Times, over half of these projects are under construction and planned for completion before the scheduled time. By the end of 2007, six to seven mega projects will be ready in Dubailand. The initial studies for the Dubailand predicted that the main objective of the project is to lure Dh18 billion in investments by 2010. But due to the market changes and the rapid economic development of UAE Dubailand is expected to attract Dh35 billion in investments.
Dubailand is currently studying plans for attracting foreign investments after its success in attracting regional investments. (menareport.com)