VOL. XLIV

No. 11

12-March-2001

UAE

UAE Plans $1.6Bn Tourism Project

The UAE announced on 4 March that it is planning to build in Dubai what has been described as the biggest tourism and commercial project in the Middle East at an estimated cost of $1.6bn. Local media reports have said that the local 'Abd Allah al-Futtaim Group will start construction immediately on what is to be known officially as the Dubai Festival City and the work is due to be completed in the year 2004. The project includes...