The vision of His Highness Sheikh Mohammed Bin Rashid Al Maktom of making Dubai a recognized global hub has become a reality. And now that position is to be renewed, as Dubai is investing in major multi-billion infrastructural projects.
Even in times of economic downturn, Dubai is steadily growing and evidence is clear. Dubai is investing in three important road projects which have recently been approved.
The Dubai government had already announced a 42 per cent increase in infrastructure spending in January, for the year 2009.
The initial work for one of the projects has been begun; however the other two will begin later this year. It is also said that the projects will meet the highest safety standards.
In addition there is another project underway, under the Dubai International Airport, Concourse 3, which happens to be the last major project of one of the eminent airports in the world.
Concourse 3 is expected to be completed by 2011. The lounges are said to be temperature controlled. After completion of this concourse the airport will consist of three terminals and three concourses.
Moreover, it is being said, work to expand the combined passenger capacity has also begun from the originally planned 190 million to 240 million, Dubai International and Dubai Central Airport.
Dubai International Airport will be seeing an expansion worth 15 million Dirhams, and the initial cost of development for Dubai Central Airport (officially to be known as Al Maktoum International Airport), will be 30 million Dirhams.
Maktoum Airport is said to be ten times the size of Dubai International Airport and Cargo Village combined. It is planned to be the world’s largest cargo hub.
It will have annual cargo of 12 million tons, more than three times the cargo of Memphis International Airport, currently the world’s largest cargo hub.
These major developments will reinstate Dubai’s position on the world map.
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