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Tuesday, October 3, 2023

US$240 bln worth mega projects in Dubai

US$240 bln worth mega projects in Dubai
US$240 bln worth mega projects in Dubai

(Dubai) – Ten mega projects in Dubai, worth almost US$240 billion, are set for completion over the next six to 16 years, data compiled by Meed Projects shows. Meraas Holdings’ Jumeirah Gardens project, the biggest in terms of value, is estimated at US$89.5 billion and is due for completion in 2021, followed by Dubai Holding’s Dubai Land development, valued at US$61 billion with a completion date set in 2020, according to Meed Projects, which tracks various construction projects across the region.
The ongoing US$16.7 billion Dubai World Central development that will be completed in 2030 came in next, followed by Limitless’ Downtown Jebel Ali project, estimated at US$14.6 billion set for completion in 2020, said the data released ahead of the forthcoming Dubai Real Estate 2020 conference.
“Rounding up the top five is the Al Jadaf Area Development Culture Village [Arabian Bays] project by Dubai Holding which has a budget of US$11.6bn to be completed by 201,” said Meed.

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