Dubai, and as always, keeps on supporting ambitious development projects. No matter how developed it has become, it has always shown the determination to go beyond the limits. The Investment Corporation of Dubai (ICD) has adopted several new projects which are expected to be finalized in the next three years amongst which is the Atlantis Hotel and Resort at Palm Jumeirah.
800 rooms and suites and 250 luxurious hotel apartments, the Royal Atlantis Resort will cost approximately $1.5 billion. It will stand 46 stories tall and will feature a breath taking ocean and palm view, as if you are literally floating between the sky and the sea. It will also include recreational, entertainment and services facilities built to the highest international standards.
ICD CEO Mohammed Ibrahim Al Shaibani said; “The first three phases of the project will spread on an area of approximately 820,000 square metres and will include parking lots for 6,000 vehicles.”
The Investment Corporation of Dubai has also teamed up with Kerzner International Holdings in an attempt to construct an Atlantis resort in China. The ultra luxurious resort will span across an area of 60 hectares and is expected to be complete in 2016.
His Highness Shaikh Mohammed bin Rashid Al Maktoum has applauded the quality of the architectural projects undertaken by the ICD and its role in developing and diversifying revenues. He said; “large-scale projects like these stand proof to the strength of UAE’s economy.”
After completion, the projects would contribute 10 per cent to the national economy…
By : Stephany B.
