FINANCIAL NEWS

Dubai to build around 3.700 projects at USD400bn

21 Aug 2016

(MENAFN) More than 3.700 projects worth almost USD400bn are ongoing recently in Dubai, UAE, while a large number of these projects at USD100b are in advanced stages of building.

Meanwhile, commercial and residential units, education, health care and hospitality buildings, leisure and recreation facilities make up 77 percent of all projects.

Accordingly, the whole spend on infrastructure projects related to Dubai Expo 2020 will reached up to USD18bn, with estimated development costs of USD8.1b and USD8.7b.

Taking place at the Dubai World Trade Center, the Big 5 2016 is predicted to host more than 3.000 exhibitors, attracting almost 75.000 visitors.

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