Saturday, 30 November 2013

Nakheel eyes 'sustainable' projects prior to Expo

Nakheel chairman Ali Rashid Lootah.
Nakheel chairman Ali Rashid Lootah.
Dubai developer Nakheel has pledged to deliver a range of "innovations, sustainable destination developments" in the run up to Expo 2020, giving more details about its main project to resume work on Deira Islands.
Nakheel, the company behind the Palm Jumeirah and The World, said in a statement that its new projects will bring a "host of new, world-class tourism, cultural, business and residential facilities to Dubai".
Nakheel chairman Ali Rashid Lootah said: "We will be honoured and proud to play our part in the delivery of World Expo 2020, which will promote and celebrate innovation, creativity and cultural diversity while encouraging global co-operation to introduce effective solutions for the challenges facing society."
Among Nakheel's pipeline of projects is Deira Islands, a four-island, mixed-use waterfront development that will add more than 40km to Dubai's existing coastline and provide infrastructure for the development of dozens of hotels and resorts, serviced apartments, retail centres and individual homes.
The project will contribute significantly to the Government of Dubai's tourism strategy, with Nakheel offering special payment plans and incentives for hotels to develop on the islands, the developer said.
Nakheel itself will develop the whole of the south island, creating a unique creek side destination, it added, saying the island will include a night market in the style of an Arabic souk; a 250-room hotel; an amphitheatre for 30,000 people; and a marina that can accommodate large yachts. The island will also have a number of waterfront plots for hotels, resorts and serviced apartments.
The other three islands will feature hotels, resorts and residential, commercial and retail units. Nakheel will master plan and complete infrastructure work ready for third party development on each island.
Nakheel said it is also continuing to enhance its flagship project - Palm Jumeirah - with several new projects underway or in the pipeline including Palm Jumeirah Boardwalk; Palm West Beach; Nakheel Mall and Hotel; The Pointe and a number of residential units on the world-famous island.
* Nakheel no longer responds to media enquiries from Arabian Business, nor does it grant Arabian Business access to any of its media events or announcements.

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