Group President : KSHITIJ RAZDAANGroup CEO : SARAH J WILLIAMSEditorial Director : M H AHSAN
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DUBAILAND SHELVES NEW PROJECTS
Projects worth billions of dollars have been shelved on the massive Dubailand development. Over 200 individual projects were originally planned for the 300 million m2 development, when it was unveiled in October 2003 — but just 21 have been signed off.
Hyderabad News has also learned that no more residential-based projects are likely to be given the go-ahead in Dubailand. It follows an order from the ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum. "We're not accepting any new projects anymore," said Bahaa Abouhaeab, senior business development manager of Dubailand.
"Sheikh Mohammed has asked for a slow down of projects across Dubai — there is too much going on all at once. So we've been instructed to stop offering new projects for the time being and get started on the construction of the projects we have already agreed."
Located around 20 km from the centre of the city, Dubailand was initially billed as the biggest leisure-based development on the planet.
Original designs included 45 main ...