Dubai – Masaader News
Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, visited today the Cityscape Global at the Dubai World Trade Centre.
Sheikh Mohammed toured the arena and was briefed on the latest projects at the exhibition.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, who inaugurated the three-day Cityscape Global on Monday, accompanied the Dubai Ruler to the event.
Present during the visit were, Chairman of Dubai Civil Aviation and Chief Executive of Emirates Group His Highness Sheikh Ahmed bin Saeed Al Maktoum, HH Sheikh Saeed bin Maktoum bin Jumaa Al Maktoum Al Maktoum, Director- General of the Department of Protocol and Hospitality in Dubai H.E. Khalifa Saeed Suleiman, and H.E. Helal Saeed Almarri is the Director General of Dubai’s Department of Tourism and Commerce Marketing.
Nearly 300 real estate companies and representing 16 countries are participating in this annual event in its 16th edition.
H.H. Sheikh Mohammed initiated his tour at the Damac Pavilion where he was briefed by the company’s chairman Hussain Sajwani on the property giant’s latest developments and their costs as well as completion dates, including DamacHills which costs AED13 billion.
His Highness’ next stops included the Falcon City, a giant development sprawling over a spacious area of land, comprising high-rises, villas, man-made lakes, waterfalls and commercial towers, and Al Nakheel Pavilion where he was briefed by the company’s officials on its latest developments, including Deira Central and other key projects.
At Meraas Holding Stall, His Highness the Vice President was briefed by the Chairman Engineer Abdulla Ahmed Al Habbai on the company’s landmark development Dubai Harbor.
His Highness the Prime Minister was also shown around the Dubai Airports Stand where he was briefed on the status of the 140-kilometre, four-phase Dubai World Central, scheduled for completion by the opening date of EXPO 2020 Dubai, including the expansion of Al Maktoum International Airport, which will bring the Central’s total annual capacity to 26 million passengers.
Dubai Holding’s developments were also inspected by H.H. Sheikh Mohammed, primarily Marsa Al Arab. He was also briefed on the real estate developments of Al Diar in Abu Dhabi along with Meydan’s projects, primarily the 45 million- square metre Mohammed bin Rashid City, expected to be completed by 2020.
His Highness also toured the pavilions of Dubai Land Department and Imkan Abu Dhabi where he was introduced to its flagship project Makers District which sprawls over 54,000 square metres of land in the UAE capital.
The Bahrain Pavilion, considered the largest in this year’s edition of the global event, was also toured by His Highness along with the stalls of Abu Dhabi Financial Group which is investing in Northern London. The tour was concluded at Azizi Developments Stall which showcases significant developments across the emirate of Dubai.
His Highness expressed satisfaction with the high turnout enjoyed by the global event which, he said, is a testament that the UAE economy will remain resilient thanks to investor trust in a business-friendly environment and legislation conducive to entrepreneurship for global entities and individuals alike.
His Highness lauded the lifting of restrictions on direct sales of properties by exhibitors for the first time since 2008, a move which opens up a compelling list of options for prospective buyers visiting the influential real estate event and ultimately invigorates the property market and incentivises the private sector.
His Highness welcomed the countries and companies participating in the global event which he said opens up the gate for more fruitful partnerships and enterprises between Arab and foreign investors, tapping fresh markets for UAE businesses and creating more job opportunities for youth from different parts of the world.
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