Aggregated GCC Business and Finance News (copyright to all articles remain with the publisher)
Monday, April 1, 2013
Dubai to restart Trade Centre District project
Work will shortly restart on the construction and remasterplanning of Dubai Trade Centre District, a 146,000 sq m site between the current Dubai International Convention and Exhibition Centre and Emirates Towers, it has been announced.
Approval for the work has granted by Sheikh Hamdan bin Rashid Al Maktoum, deputy ruler of Dubai, UAE Minister of Finance and chairman of the Dubai World Trade Centre.
The approval extends to the construction of the first phase which includes a mid-scale hotel of 588 keys and three buildings located immediately adjacent to Dubai International Convention and Exhibition Centre, and the remasterplanning of the remainder of the district.
Construction will begin in the third quarter of this year, with a target completion date for the first commercial building in the final quarter of 2015 and an opening date for the hotel in early 2016.
Read more: http://www.arabianbusiness.com/dubai-restart-trade-centre-district-project--496119.html
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