More than $20 billion will be invested in Middle East waterfront developments in the next five years, according to an industry expert.
According to Khaleej Times, Daniel Natchez, first vice-chairman of the International Council of Marine Industry Associations (ICOMIA), said at Waterfront 2005 Dubai conference and exhibition on the future of regional coastline development: “Middle East waterfront developments are plentiful and being pursued with a nearly unparalleled passion, with over $20 billion being invested in developing sea fronts and new marinas over the next five years."
